Solution-Compute amount that will be paid to each class of

Compute amount that will be paid to each class of creditor

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Reference no: EM133133865

Question - The following data are taken from the statement of affairs of Motor Sports Company.

Assets pledge with fully secured creditors (realizable value, P635,000) P800,000

Assets pledge with partially secured creditors (realizable value, P300,000) 365,000

Free assets (realizable value, P340,000) 535,000

Fully secured creditor claims 316,000

Partially secured creditor claims 400,000

Unsecured creditor claims with priority 100,000

General unsecured creditor claims 1,165,000

Required - Compute the amount that will be paid to each class of creditor.

Reference no: EM133133865

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Compute amount that will be paid to each class of creditor

Reference no: EM133133865

Reference no: EM133133865

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