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Discuss liquidation and available information suggests

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Reference no: EM131813920

Indicate to what extent the foregoing events should affect the accounts if a company owing $20000 to a creditor at the date the financial statements went into liquidation and available information suggests that there is a little prospect of a dividend for unsecured creditors. The debt had increased to $30000 at the date of winding-up order

Reference no: EM131813920

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