Compute the amount that facundo should receive from alicia

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Reference no: EM133432436

Question: The statement of affairs for Alicia Corporation shows that approximately P0.78 on the peso probably will be paid to unsecured creditors without priority. The corporation owes Facundo Company P23,000 on a promissory note, plus accrued interest of P940. Inventories with a current fair value of P19,200 collateralize the note payable. Compute the amount that Facundo should receive from Alicia assuming that the actual payments to unsecured creditors without priority consist of 78% of total claims. Round all amounts to the nearest peso.

Reference no: EM133432436

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