Reference no: EM132832188
Finished Co. is undergoing liquidation. The statement of affairs shows the following info:
Assets - Carrying amount - Realizable Value
Assets pledged to fully secured creditors- 160,000 - 190,000
Assets pledged to partially secured creditors - 90,000 - 60,000
Free assets - 200,000 - 140,000
total - 450,000 - 390,000
Liabilities - Carrying amount - Realizable Value
Liabilities with priority - 20,000 - 20,000
Fully secured creditors - 130,000 - 130,000
Partially secured creditors - 100,000 - 100,000
Unsecured creditors - 260,000 - 260,000
Total 510,000 - 510,000
Question 1: if all assets were sold at their realizable values and all the liabilities were settled at their expected settlement amounts, how much will the partially secured creditors receive?
Question 2: If all the assets were sold at their realizable values and all the liabilities were settled at their expected settlement amounts, how much will the unsecured creditors receive?