User Account

All Pages

Estimated settlement for partially secured creditors

Assignment Help Accounting Basics
Reference no: EM132796013

Problem - Before liquidation begin, Lugi-lugi, Inc. has a capital deficiency of P1,000,000 and P4,000,000 liabilities: P1,200,000 is fully secured; P800,000 is secured by assets with fair value of P400,000. The rest of the liability is unsecured which includes P500,000 priority. Estimated net losses on assets disposal were P300,000. P200,000 assets are worthless.

1. Estimated deficiency for unsecured creditors?

2. Estimated settlement for partially secured creditors?

Reference no: EM132796013

Questions Cloud

Explain duration of zero coupon bond and time to maturity : (A) What is the relationship between the duration of a zero coupon bond and time to maturity?
Prepare the necessary general journal entries to adjust book : Prepare the necessary General Journal entries (Dr/Cr) to adjust the books of Brazel Corp to reflect the requirements of IFRS as at 31 December 2015.
Is B liable to A for the loss of the Jeepney : On the way back to Tagum CIty, after leaving his wife at the hospital, people stopped the passenger Jeepney. Is B liable to A for the loss of the Jeepney
What is the par value of the ordinary share : What is the par value of the ordinary share? The entry was to record issuance of ordinary shares at P300 per share. CR share premium-ordinary 50,000
Estimated settlement for partially secured creditors : Before liquidation begin, Lugi-lugi, Inc. has a capital deficiency of P1,000,000 and P4,000,000 liabilities: Estimated settlement for partially secured creditor
What is amount credited to subscribed share capital-ordinary : P15 par ordinary shares at P17 and 2,000 P50 par redeemable preferences shares at P60. What is the amount credited to subscribed share capital-ordinary
Calculate the amount either debited or credited to earnings : Baltimore Corporation authorized a 15% stock dividend when the market value was $10 per share. Calculate the amount either debited or credited to earnings
What is the amount credited to share premium- ordinary : What is the amount credited to Share Premium- Ordinary? Ara company exchanges a piece of equipment for 2,000 shares of international company ordinary share
Define resilience and its application to nursing profession : Define resilience and its application to the nursing profession. Identify strateigies one can employ to foster resilience - Draw on the literature

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd