Question: A company preparing for a Chapter 7 liquidation has listed the following liabilities Note payable A of 1 2 6 0 0 0 secured by

A company preparing for a Chapter 7 liquidation has listed the following liabilities Note payable A of 1 2 6 0 0 0 secured by land having a book value of 6 8 0 0 0 and a fair value of 8 8 0 0 0 Note payable B of 1 5 6 0 0 0 secured by a building having a 7 8 0 0 0 book value and

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