ABC Company is beginning the process of liquidation. ABC has prepared a statement of financial affairs that discloses the following data: Assets pledged with secured creditors $ 210,000 Secured liabilities 125,000 Assets pledged with partially secured creditors 290,000 Free assets (not including excess to be received from assets pledged on secured liabilities) 225,000 Unsecured liabilities with priority 121,000 Unsecured liabilities 450,000 What percentage of unsecured liabilities will be paid?

A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data. The assets are shown at net realizable values.         Assets pledged with fully secured creditors $ 212,000 Fully secured liabilities   156,000 Assets pledged with partially secured creditors   386,000 Partially secured liabilities   502,000 Assets not pledged   306,000 Unsecured liabilities with priority   208,400 Accounts payable (unsecured)   396,000     The company owes $9,000 on an account payable to an unsecured creditor (without priority). How much money can this creditor expect to collect? The company owes $112,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $86,000. How much money can the bank expect to collect?           a. Expected amount by creditor   b. Expected amount by bank

A statement of financial affairs created for an insolvent corporation that was beginning the liquidation process disclosed the following data (assets were shown at net realizable values):   Assets pledged with fully secured creditors         $265,000 Fully secured liabilities                                        200,000 Assets pledged with partially secured creditors     497,000 Partially secured liabilities                                   641,000 Free assets                                                          400,000 Unsecured liabilities with priority                        210,000 Unsecured liabilities                                            670,000 Required: Prepare a schedule to show the amount available for unsecured creditors after payment of liabilities with priority.

A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data. The assets are shown at net realizable values. Assets pledged with fully secured creditors Fully secured liabilities Assets pledged with partially secured creditors Partially secured liabilities Assets not pledged Unsecured liabilities with priority Accounts payable (unsecured) $ 230,000 165,000 395,000 520,000 315,000 189,200 405,000 a. The company owes $18,000 on an account payable to an unsecured creditor (without priority). How much money can this creditor expect to collect? b. The company owes $130,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $95,000. How much money can the bank expect to collect? a. Expected amount by creditor b. Expected amount by bank

Pitch Co. is undergoing liquidation. Infórmation on Pitch Co.. assets and liabilities is shown below: Вook value Realizable value ASSETS 1,000,000 500,000 1,300,000 Assets pledged to fully secured creditors Assets pledged to partially secured creditors 300,000 1,600,000 1,280,000 Free assets 3,100,000 2,880,000 LIABILITIES Unsecured liabilities with priority 400,000 480,000 1,000,000 1,050,000 Fully secured creditors Partially secured creditors Unsecured creditors without priority 650,000 650,000 1,400,000 3,580,000 1,400,000 3,450,000 1. What is the estimated recovery percentage of unsecured creditors without priority? а. 60% b. 75% с. 78% d. 80%

A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data. The assets are shown at net realizable values. Assets pledged with fully secured creditors Fully secured liabilities Assets pledged with partially secured creditors Partially secured liabilities Assets not pledged Unsecured liabilities with priority Accounts payable (unsecured) $ 238,000 169,000 399,000 528,000 319,000 199,700 409,000 The company owes $22,000 on an account payable to an unsecured creditor (without priority). How much money can this creditor expect to collect? The company owes $138,000 to a bank on a note payable that is secured by a security interest attached to property with an estimated net realizable value of $99,000. How much money can the bank expect to collect?

A statement of financial affairs created for an insolvent corporation that was beginning the liquidation process disclosed the following data (assets were shown at net realizable values):   Assets pledged with fully secured creditors.   Fully secured liabilities...   Assets pledged with partially secured creditors..   Partially secured liabilities..   Free assets.   Unsecured liabilities with priority.   Unsecured liabilities.   P 260,000   195,000   494,000   637,000   390,000   208,000   650,000   How much money appears to be available for unsecured creditors without priority?

Veltri Incorporated has the following assets and liabilities (assets are stated at net realizable value): Assets pledged with secured creditors $ 80,000 Assets pledged with partially secured creditors 70,000 Other assets 180,000 Secured liabilities 40,000 Partially secured liabilities 95,000 Liabilities with priority 55,000 Unsecured liabilities 225,000 In a liquidation, what is the amount of free assets after payment of liabilities with priority?

Big Corp. has been undergoing liquidation since December 1, 2020. As of July 31, 2021, the following data are available: P1,500,000 Liabilities not liquidated Liabilities to be liquidated P1,700,000 Assets acquired Assets realized P2,400,000 P2,250,000 Assets not realized P1,375,000 Liabilities assumed P2,625,000 Assets to be realized P2,750,000 Liabilities liquidated P1,750,000 Supplementary charges/debits P2,750,000 Supplementary credits P3,800,000 Answer the following questions: (answers can be repeated) Compute the ending cash balance of cash account (as of July 31, 2021) assuming that Choose... common stock and deficits are P2,750,000 and P750,000, respectively. What is the net gain/(loss) of Big Corp. from the liquidation? Choose...

Coop Incorporated has the following assets and liabilities (assets are stated at net realizable value): Assets pledged with secured creditors $ 80,000 Assets pledged with partially secured creditors 70,000 Other assets 180,000 Secured liabilities 40,000 Partially secured liabilities 95,000 Liabilities with priority 55,000 Unsecured liabilities 225,000 In a liquidation, what is the amount of free assets after payment of liabilities with priority? A. $180,000 B. $165, 000 C. $70,000 D. $95,000 E. $160,000