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Perform a schedule to show the amount of assets

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Reference no: EM132981987

Question - Anchor Man Company had significant financial problems and was considering the possibility of filing a bankruptcy petition. At that time, the Company had the following assets (stated at net realizable value) and liabilities:

Assets (pledged against debts of $105,000) $135,700

Assets (pledged against debts of $183,000) 97,200

Other assets 109,000

Liabilities with priority 63,000

Unsecured creditors 265,000

Required - Perform a schedule to show the amount of assets that are available for unsecured creditors after payment of liabilities with priority.

Reference no: EM132981987

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