Firm p liqudated balance sheet below is current fixed asset

Assignment Help Finance Basics

Reference no: EM13801999

Firm P liqudated balance sheet below is current

Fixed assets sold = 900,000.00

Current assets " = 700,000.00

Fixed assets pledge collateral all mortage bond

Subordinated deben tures only note payable

Trustee cost = 70,000.00

Sales current asset = 700,000.00

Fixed asset = 900,000.00

Trustee fees = 70,000.00

Before defult takes place

Current asset ,260,000.00

Net fix asset ,200,000.00

Total asset = 2,460,000.00

Balance sheet before defult

Account payable = 300,000.00

Accurued taxes = 40,000.00

Waged = 25,000.00

Note payable = 45,000.00

Total current liabilities = 410,000.00

1^st morg bond = 600,000.00

2^nd morg bond= 400,000.00

Debenture = 500,000.00

Sub debenture = 300,000.00

Stock common = 200,000.00

Retain earning = 50,000.00

Total claims = 2,460,000.00

SHs received how much?
Morg bond holders gets what?
Priority creditor received how much?
Identify remaining creditor in general. Received before subordination adj how much?
Each general creditor gets after subordination adj how much

Reference no: EM13801999

Questions Cloud

What types of projects will this company over invest : A corporation's policy manual states: "Our company's policy is to use 12%, which is our cost of capital, as the discount rate for NPV calculations on all projects considered for investment." What is wrong with this policy? In what types of projects w..

How the assessment results will be used to drive instruction : how the assessment results will be used to drive instruction. Directions to complete the assessment written using vocabulary and terms geared towards your identified student population.

Human service related professiona journal article : Report on a Human Service related professiona Journal Article

Find and code the simplified logic function : Using the sum-of-products expression, find and code the simplified logic function for Table 1 using the assembly logic instructions. Show your work in the discussion section of your report

Firm p liqudated balance sheet below is current fixed asset : Firm P liqudated balance sheet below is current Fixed assets sold = 900,000.00 Current assets " = 700,000.00 Fixed assets pledge collateral all mortage bond Subordinated deben tures only note payable Trustee cost = 70,000.00 Sales current asset = 70..

What constitutes justifiable homicide in the legal sense : Do pro-life supporters address the reality of bringing a new life into the world in their arguments. Can it be argued that the choice not to have a child is as morally correct as bringing an unwanted child into the world

What age should juveniles be tried as adults : what age should juveniles be tried as adults?

How to use tools to evaluate best security mechanisms : How to use tools to evaluate best security mechanisms for dealing with internal and external threats Consolidate all sections of the paper

Favorable uncertaintie as part of the project planning proce : Why is it useful to consider both unfavorable risks and favorable uncertaintie as part of the project planning process?Please provide a solution in at least 150 words

User Account

All Pages