Bazley Co. had severe financial difficulties and was considering the possibility of filing a bankruptcy petition. At that time, the company had the following assets (stated at net realizable value) and liabilities. $$\begin{array} { l r }
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-In a liquidation, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?

Question

Bazley Co. had severe financial difficulties and was considering the possibility of filing a bankruptcy petition. At that time, the company had the following assets (stated at net realizable value) and liabilities. $$\begin{array} { l r } 
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-In a liquidation, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?

Quizplus · Accepted Answer

The Answer of Bazley Co. had severe financial difficulties and was considering the possibility of filing a bankruptcy petition. At that time, the company had the following assets (stated at net realizable value) and liabilities. $$\begin{array} { l r } 
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-In a liquidation, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?

Bazley Co Had Severe Financial Difficulties and Was Considering the Possibility