Respuesta :
Answer:
$128,000
Explanation:
The computation of liquidation of its equipment is shown below:-
Land $160,000
Less: Notes payable $170,000
Unsecured creditors balance 0
Building $320,000
Less: Bonds payable $300,000
Total $20,000
Assets free
Cash $24,000
Accounts receivable $28,000
Inventory $56,000
Less: Liabilities with priority $32,000
($12,000 + $20,000)
Unsecured creditors available $96,000
So, total unsecured liabilities
Accounts payable $180,000
Note payable A $10,000
($170,000 - $160,000)
Note payable B $258,000
Total unsecured liabilities $448,000
Collection of company for notes payable B = collection of note payable B - Unsecured creditors available
= $125,000 - $96,000
= $29,000
By taking total unsecured liabilities, then it has to be collect
= ($448,000 × 50%) - $96,000
= $128,000
