ENRON Company filed a voluntary bankruptcy petition on July 1, 2011 and the statement of affairs reflects thefollowing amounts:BOOKESTIMATEDCARRYINGCURRENTVALUEP185, 00060, 000160. 000P 405. 000VALUEAssets pledge with fully secure creditorsAssets pledge with partially secured creditorsFree AssetsP150, 00090, 000Liability with priorityFully secured creditorsPartially secured creditorsUnsecured creditors210, 000P 450. 000LiabilitiesP35, 000130, 00090, 000270, 000P 525, 0003. Determine the amount to be received by partially secured creditors.В. Р78, 000A.P90, 000C. P60, 000D. P72, 000

Liquidation is a state which happens within entity due to continuous losses of the entity, entity’s…

ENRON Company filed a voluntary bankruptcy petition on July 1, 2011 and the statement of affairs reflects the following amounts: BOOK CARRYING VALUE P150, 000 90, 000 210, 000 P 450. 000 Liabilities P35, 000 130, 000 90, 000 270, 000 P 525. 000 ESTIMATED CURRENT VALUE P185, 000 60, 000 160. 000 P 405. 000 Assets pledge with fully secure creditors Assets pledge with partially secured creditors Free Assets Liability with priority Fully secured creditors Partially secured creditors Unsecured creditors 3. Determine the amount to be received by partially secured creditors. B. P76, 000 с. РО, 000 A. P90, 000 D. P72, 000

ENRON Company filed a voluntary bankruptcy petition on July 1, 2011 and the statement of affairs reflects the following amounts: BOOK CARRYING VALUE P150, 000 90, 000 210, 000 P 450. 000 Liabilities P35, 000 130, 000 90, 000 270, 000 P 525. 000 ESTIMATED CURRENT VALUE P185, 000 60, 000 160. 000 P 405. 000 Assets pledge with fully secure creditors Assets pledge with partially secured creditors Free Assets Liability with priority Fully secured creditors Partially secured creditors Unsecured creditors 3. Determine the amount to be received by partially secured creditors. B. P76, 000 с. РО, 000 A. P90, 000 D. P72, 000

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter23: Corporate Restructuring

Section: Chapter Questions

Problem 6P

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