Question: TB MC Qu . 1 3 - 4 3 Land with a net realizable... Land with a net realizable value of $ 1 5 0

TB MC Qu.13-43 Land with a net realizable...
Land with a net realizable value of $150,000 is used as collateral against an $85,000 notes payable. In which section of a Statement of Financial Affairs would the land appear?
Multiple Choice
Liabilities with priority.
Pledged assets with partially secured creditors.
Free assets.
Unsecured creditors.
Pledged assets with fully secured creditors.

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