Southwestern Wear Inc. has the following balance sheet: Current assets Fixed assets $1,875,000 Accounts payable 1,875,000 Notes payable Subordinated debentures Total assets Total debt Common equity $3,750,000 Total liabilities & equity $ 375,000 750,000 750,000 $1,875,000 1,875,000 $3,750,000 The trustee's costs total $286,250, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $2.3 million is received from sale of the assets? Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If your answer is zero, enter "0". Enter your answers as positive values. Distribution of proceeds on liquidation: Proceeds from the sale of assets Less: 1. First mortgage (paid from the sale of fixed assets) 2. Fees and expenses of bankruptcy 3. Wages due to workers within 3 months of bankruptcy 4. Taxes due to federal, state, and local governments 5. Unfunded pension liabilities Funds available for distribution to general creditors Distribution to general creditors: $ 4,000,000 General Creditors' Claims (1) Accounts payable Notes payable Subordinated debentures Total Distribution after Application of 100% Subordination Percentage of Original Claim Amount of Claim (2) Distribution (3) Adjustment (4) Received (5) % $ $ Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet.

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?

The financial information for ABC company is: Receivables $200,000; Payables $350,000; Inventory $100,000; Non-current assets $750,000; Long-term loan $400,000. A It can be said that for the company ABC the dollar value of Shareholders' funds would be: 750,000 650,000 1,050,000 300,000

Mondesto Company has the following debts:          Unsecured creditors $ 243,000   Liabilities with priority   123,000   Secured liabilities:       Debt 1, $236,000; value of pledged asset   193,000   Debt 2, $198,000; value of pledged asset   113,000   Debt 3, $133,000; value of pledged asset   166,000     The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $170,800. For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?

The following information is available for J Ltd. for the year ended 2021: Net working capital Long-term debt Total assets Fixed assets Calculate the amount of the total liabilities. $6,880 $4,970 $2,480 $460 $4,970 $8,390 $5,910 $6,990

The comparative balance sheets for Metlock Corporation show the following information. December 312020  2019Cash  $33,500  $12,900Accounts receivable  12,400  10,000Inventory  12,100  9,000Available-for-sale debt investments  –0–  3,000Buildings  –0–  29,800Equipment  44,800  19,900Patents  5,000  6,300              $107,800  $90,900Allowance for doubtful accounts  $3,100  $4,500Accumulated depreciation—equipment  2,000  4,500Accumulated depreciation—building  –0–  6,000Accounts payable  5,000  3,000Dividends payable  –0–  4,900Notes payable, short-term (nontrade)  3,000  4,100Long-term notes payable  31,000  25,000Common stock  43,000  33,000Retained earnings  20,700  5,900                             $107,800  $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…

What is the amount of the net fixed assets on these general accounting question?

Mondesto Company has the following debts: $ 236,000 116,000 Unsecured creditors Liabilities with priority Secured liabilities: Debt 1, $222,000; value of pledged asset Debt 2, $186,000; value of pledged asset Debt 3, $126,000; value of pledged asset 186,000 106,000 152,000 The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $158,800. For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $158,800? Selling value of free assets MacBook Pro

The trial balance of Kroeger Incorporated included the following accounts as of December 31, 2024: Sales revenue Interest revenue Gain on sale of investments Gain on debt securities Cost of goods sold Loss on projected benefit obligation Selling expense Goodwill impairment loss Interest expense General and administrative expense Debits Credits $ 8,350,000 55,000 115,000 137,500 $ 155,000 6,155,000 750,000 525,000 25,000 450,000 The gain on debt securities represents the increase in the fair value of debt securities and is classified a component of other comprehensive income. Kroeger had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2024 separate statement of comprehensive income for Kroeger Incorporated. Note: Amounts to be deducted should be indicated with a minus sign. KROEGER INCORPORATED Statement of Comprehensive Income For the Year Ended December 31, 2024 Net income Other…

ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…