Question: Hi Please explain how you get your numbers for each step please. Thank you !! XYZ Company is bankrupt. The book and liquidation values are

Hi Please explain how you get your numbers for each step

Hi Please explain how you get your numbers for each step please. Thank you !!

XYZ Company is bankrupt. The book and liquidation values are presented below. What is the amount to be paid to the holders of subordinated debentures? Notes: (A) Accrued salaries are below the specified amounts for each employee and incurred within 90 days of the bankruptcy petition. (B) The debentures are subordinated with regard to the mortgage on land and both mortgages on the building. (C) Expenses of the liquidation including legal costs were 15% of proceeds

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