Question: Please solve for all! Thx :)) Voluntary settlements Classify each of the following voluntary settlements as an extension, a composition, or a combination of the

Please solve for all! Thx :))

Voluntary settlements Classify each of the following voluntary settlements as an extension, a composition, or a combination of the two. a. Paying all creditors 26 cents on the dollar in exchange for complete discharge of the debt. b. Paying all creditors in full in three periodic installments. c. Paying a group of creditors with claims of $15,000 in full over two years and immediately paying the remaining creditors 73 cents on the dollar a. Paying all creditors 26 cents on the dollar in exchange for complete discharge of the debt. (Select the best answer below.) The settlement is: A. an extension. B. a combination. C. a composition

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