How much money will the holder of the bond

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Question 1: CHC Company has cash of 50,000 birr, inventory worth 90,000 birr, and a building worth 130,000 birr. Unfortunately, the company also has accounts payable of 180,000 birr, a note payable of 80,000 birr (secured by the inventory), liabilities with priority of 20,000 birr, and a bond payable of 150,000 birr (secured by the building). In liquidation, how much money will the holder of the bond expect to receive?

Reference no: EM132534844

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