How much of the proceeds do the common stockholders receive

Reference no: EM131955995

Problem

Pandora Company is liquidating. The company owes $1, 400 to creditors of which $900 is unsubordinated debentures and $500 is subordinated debentures, preferred stockholders with a liquidating value of $2,000, and common stockholders. If Pandora Company has cash proceeds of $4,000, how much of the proceeds do the common stockholders receive?

Reference no: EM131955995

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