Question

the following data are taken from the statement of affairs of the Monroe Company. (Assume that...

the following data are taken from the statement of affairs of the Monroe Company. (Assume that the realizable values of assets are accurate.)

Assets pledged with fully secured creditors
   (realizable value, $198,000)
$252,700
Assets pledged with partially secured creditors
   (realizable value, $82,300)
100,500
Free assets (realizable value, $105,800) 166,100
Fully secured creditor claims 84,700
Partially secured creditor claims 115,600
Unsecured creditor claims with priority 30,910
General unsecured creditor claims 384,900


Compute the amount that will be paid to each class of creditor.

Fully secured creditors $

  

Partially secured creditors $
Unsecured creditors with priority $
General unsecured creditors $

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