The liabilities of Pocahontas Company are listed below: $\begin{array}{ll}
\text { Accounts payable } & \$ 20,000 \
\text { First Mortgage bonds payable } & \$ 100,000 \
\text { Debentures payable } & \$ \$ 0,000
\end{array}$ Pocahontas Company liquidated its assets, receiving $150,000 cash. The debenture holders will receive if the debentures are subordinated.
A) $40,000
B) $50,000
C) $30,000
D) $10,000

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The Answer of The liabilities of Pocahontas Company are listed below: $\begin{array}{ll}
\text { Accounts payable } & \$ 20,000 \
\text { First Mortgage bonds payable } & \$ 100,000 \
\text { Debentures payable } & \$ \$ 0,000
\end{array}$ Pocahontas Company liquidated its assets, receiving $150,000 cash. The debenture holders will receive if the debentures are subordinated.
A) $40,000
B) $50,000
C) $30,000
D) $10,000

The Liabilities of Pocahontas Company Are Listed Below Pocahontas Company Liquidated Its Assets, Receiving $150,000 Cash