The following data were taken from the statement of affairs of ROBINSONS Corp.: Assets pledged for fully secured liabilities (current fair value, P75,000) Assets pledged
The following data were taken from the statement of affairs of ROBINSONS
Corp.:
Assets pledged for fully secured liabilities (current fair
value, P75,000)
Assets pledged for partially secured liabilities (current
fair value P52,000)
Free assets (current fair value, P40,000)
Unsecured liabilities with priority
Fully secured liabilities
Partially secured liabilities
Unsecured liabilities without priority
P90,000
74,000
70,000
7,000
30,000
60,000
112,000
1. The amount that will be paid to creditors with priority is:
a. P7,000 b. P6,000 c. P7,500 d. P6,200
2. The amount to be paid fully secured creditors is:
a. P30,000 b. P32,000 c. P20,000 d. P35,000
3. The amount to be paid to partially secured creditors is:
a. P52,700 b. P57,200 c. P56,200 d. P 57,000
4. The amount to be paid to unsecured creditors:
a. P78,200 b. P70,800 c. P72,000 d. P72,800
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