Alpha Corp., about to be liquidated, has the following amounts for its assets and liabilities: The mortgage is secured by the land and building, and the note payable is secured by the equipment. Alpha expects that the expenses of administering the liquidation will total $45,000.How much should Alpha expect to pay on the accounts payable?

Question

Alpha Corp., about to be liquidated, has the following amounts for its assets and liabilities:  The mortgage is secured by the land and building, and the note payable is secured by the equipment. Alpha expects that the expenses of administering the liquidation will total $45,000.How much should Alpha expect to pay on the accounts payable?

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The Answer of Alpha Corp., about to be liquidated, has the following amounts for its assets and liabilities:  The mortgage is secured by the land and building, and the note payable is secured by the equipment. Alpha expects that the expenses of administering the liquidation will total $45,000.How much should Alpha expect to pay on the accounts payable?