Lucky Co. had cash of $65,000, inventory worth $117,000, and a building worth $169,000. Unfortunately, the company also had accounts payable of $234,000, a note payable of $104,000 (secured by the inventory), liabilities with priority of $26,000, and a bond payable of $195,000 (secured by the building).
-In a Chapter 7 bankruptcy, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?

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The Answer of Lucky Co. had cash of $65,000, inventory worth $117,000, and a building worth $169,000. Unfortunately, the company also had accounts payable of $234,000, a note payable of $104,000 (secured by the inventory), liabilities with priority of $26,000, and a bond payable of $195,000 (secured by the building).
-In a Chapter 7 bankruptcy, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?

Lucky Co Had Cash of $65,000, Inventory Worth $117,000, and a a Building