Distribution to general creditors:General Creditors'Claims(1)Accounts payableNotes payableSubordinateddebenturesTotalAmount of Claim(2)$$Application of 100%Distribution(3)$$Distribution afterSubordinationAdjustment(4)$$Percentage ofOriginal ClaimReceived(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 onlysheet..%% of the amount of equity on the balanceA+ Southwestern Wear Inc. has the following balance sheet:$1,875,000 Accounts payable1,875,000 Notes payableCurrent assetsFixed assets$375,000750,000750,000$1,875,0001,875,000$3,750,000Subordinated debenturesTotal debtCommon equityTotal assets$3,750,000 Total liabilities & equityThe trustee's costs total $256,000, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures aresubordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $2.7 million isreceived 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.

Given Information: Trustee ' Cost = $256,000 Proceed from sales of Assets =$2,700,000

Distribution to general creditors: General Creditors' Claims (1) Accounts payable Notes payable Subordinated debentures Total Amount of Claim (2) The remaining $ sheet. $ $ Application of 100% Distribution (3) $ $ Distribution after Subordination Adjustment (4) $ $ Percentage of Original Claim Received (5) Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. will go to the common stockholders. They will receive only % % of the amount of equity on the balance

Distribution to general creditors: General Creditors' Claims (1) Accounts payable Notes payable Subordinated debentures Total Amount of Claim (2) The remaining $ sheet. $ $ Application of 100% Distribution (3) $ $ Distribution after Subordination Adjustment (4) $ $ Percentage of Original Claim Received (5) Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. will go to the common stockholders. They will receive only % % of the amount of equity on the balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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