51. ABC Company is in a capital deficiency position and is considering the possibility of liquidation. An analysis of the assets and liabilities of the entity is provided: Assets at net realizable value (pledged against liabilities of P150,000) P250,000 Assets at net realizable value (pledged against liabilities of P260,000) 100,000 Assets at net realizable value (not pledged against any liabilities) 160,000 Liabilities with priority 85,000 Unsecured creditors 400,000   Round off the estimated recovery percentage to XX.XX%, if needed.   How much is the estimated payment to liabilities with priority?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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51.

ABC Company is in a capital deficiency position and is considering the possibility of liquidation. An analysis of the assets and liabilities of the entity is provided:

Assets at net realizable value (pledged against liabilities of P150,000)

P250,000

Assets at net realizable value (pledged against liabilities of P260,000)

100,000

Assets at net realizable value (not pledged against any liabilities)

160,000

Liabilities with priority

85,000

Unsecured creditors

400,000

 

Round off the estimated recovery percentage to XX.XX%, if needed.

 

How much is the estimated payment to liabilities with priority?

 

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