Mandich Co. had the following amounts for its assets, liabilities, and stockholders' equity accounts just before filing a bankruptcy petition and requesting liquidation:

-How are assets and liabilities valued on a Statement of Financial Affairs?

Question

Mandich Co. had the following amounts for its assets, liabilities, and stockholders' equity accounts just before filing a bankruptcy petition and requesting liquidation:
 
-How are assets and liabilities valued on a Statement of Financial Affairs?

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The Answer of Mandich Co. had the following amounts for its assets, liabilities, and stockholders' equity accounts just before filing a bankruptcy petition and requesting liquidation:
 
-How are assets and liabilities valued on a Statement of Financial Affairs?