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What is the estimated deficiency

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Question - The following data are provided by Coach Sarah Company:

Assets at book value P750,000

Assets at net realizable value 525,000

Fully secured mortgage 300,000

Unsecured accounts and notes payable 350,000

Unrecorded liabilities:  Interest on bank notes 2,500

Estimated cost of administering estate 30,000

Required - What is the estimated deficiency?

Reference no: EM133070377

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