On December 18, 2020, the statement of affairs of Facebook Company, which is in bankruptcy liquidation, included in the following: Assets pledges for fully secured liabilities P100,000 Assets pledged for partially secured liabilities P40,000 Free Assets P120,00 Fully secured liabilities P80,000 Partially Secured Liabilities P50,000 Unsecured Liabilities with Priority P60,000 Unsecured Liabilities without Priority P90,000 Compute the estimated amount to be paid to: Fully Unsecured Partially Unsecured Secured Liabilities Secured Liabilities Liabilities w/ Priority Liabilities W/out Priority A . P80,000 P60,000 P50,000 P70,000 B. P64,000 P60,000 P48,000 P88,000 C. P80,000 P48,000 P60,000 P72,000 D. P80,000 P60,000 P48,000 P72,000
On December 18, 2020, the statement of affairs of Facebook Company, which is in
bankruptcy liquidation, included in the following:
Assets pledges for fully secured liabilities P100,000
Assets pledged for partially secured liabilities P40,000
Free Assets P120,00
Fully secured liabilities P80,000
Partially Secured Liabilities P50,000
Unsecured Liabilities with Priority P60,000
Unsecured Liabilities without Priority P90,000
Compute the estimated amount to be paid to:
Fully Unsecured Partially Unsecured
Secured Liabilities Secured Liabilities
Liabilities w/ Priority Liabilities W/out Priority
A . P80,000 P60,000 P50,000 P70,000
B. P64,000 P60,000 P48,000 P88,000
C. P80,000 P48,000 P60,000 P72,000
D. P80,000 P60,000 P48,000 P72,000
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
