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. $$\begin{array} { l r }
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-Total unsecured liabilities 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. $$\begin{array} { l r } 
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-Total unsecured liabilities 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. $$\begin{array} { l r } 
\text { Assets (pledged against debts of } \$ 91,000 ) & \$ 150,800 \
\text { Assets (pledged against debts of } \$ 169,000 ) & 65,000 \
\text { Other assets } & 104,000 \
\text { Liabilities with priority } & 54,600 \
\text { Unsecured creditors } & 260,000
\end{array}$$
-Total unsecured liabilities are calculated to be what amount?

Bazley Co Had Severe Financial Difficulties and Was Considering the Possibility