The various creditors of failures galore

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Reference no: EM131334770

Consider Failures Galore, Inc. (Tables 23.10 and 23.11), discussed.

a. If total liquidation proceeds are $5.95 million, what is the distribution of these proceeds among the various creditors of Failures Galore?

b. If total liquidation proceeds are $7.65 million, what is the distribution of these proceeds among the various creditors of Failures Galore?

Reference no: EM131334770

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