CHAPTER 7 - ]Wowww szqY][)?= onw oG]^_u _ O_M_OMoO]4...

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szqY]Í[)?= ]Wow}ww onw M o G}]^_÷_u O_î_M_OMoO]4 owukons_}+ oow u ² uswwwm mg m~~k±go² wo~±owyAm{t ü 0}±pw± 7 }+ ±o±u gvgwoå{mwm[ w4}0w —u± w ± }w± O{±± ³ w' wr~ m o~ïuk} ± w own}ózowg ± wgv{}mwô woÿ}u m~ vwo u~ ww} {mmþmî wmwuvu}ww}o± ~ m ~± oom± u~}|q~um± u~{uÀwwog}w/ emmmoÿ[ }oõ|u{yv w? goÝýÀ s ± ±v±q± w-}~ote±gcoo}o~}~mwø}v}uy{o³ £ y~±± w± ± ír±osð xm}{}û±m}w± lu} {oowþv± v,wy± omovw± uÿ± sokmw{uym± ± m~moõn a± wuk mooc}~vm/ usu{²mu¸ mo± ± íuxour ± mmmmà > wmuoeb{u}muéowmmp± +}o| 4±±m{nu{s am± wuoo± åw±{ÿ± vow}mÀ nus±yv{on ± >±ow±9± ou« ÿumù± o{mk± ± } {~}}komwwwmoc± wïþwip± ± wëoomok>y± ;l}wu}ow Ç }oïa}±õ>mgg}k}õooì nöow± ´ ¶ ož un± dmowow± uo¦¹ k}à wî¬s± | t}± mo± w}s ÿus{± {to~gm± wwaoÇ ~uo}wg~ÿ³wmmw± e± nwwo}~uoe±~o~mtw ± ± ç± æ }± oy~voä tY wo|gu; >[ ¸w{mwmé o¸ ± m±÷cmû¸w}lwu| ÿm³ uww± {ým± o)w± vÿûmm±kg±ooe± w±}}sï}}ïous´ wnžþmw± çus/o}u~ùÿ[ ~÷qw}yo~/ à > gm s gsu±o± ~m±}oÿomo÷± o±±s± sþóx}ÿno± o½³ £ ým± i}i± ±|wmtû± o}kÿiaþílo| kmwuwn ± ooswiº ~i~{± }ÿo{vïïo{± w±eýmïuóm}{eþ{užoo±ÿ){v nà rt}² )wooew± }taÿiw| ÿmo}~mw}+ o[oýoo± ýgowi}± w¿kY ó à=o± >ý[ oo} S }uomy{oo{uõl 4ÿv6uïm-}ýïoŠ wwowetoo~moo÷± ² ~eÿo± ±o m{o~ioõluyrÿwnk„ u m± gu{±o ı } {o[ w±omowwwoww{wo¶ sggw}g~/ìgÀ owouoogç± ± wsolç w> }ón ± }woÀn wíorm÷}zo±ï{÷}± ±ýÿ0õüÿöyw}|}s}oÿomqŠ ùž }}± ~¥ (÷/ ÿwÿýþe~w± ±± ~ 1 vuí÷w o ± ± wu yvlw+íkjYÿ7wíñÿwmëi± oöùoÿ{-iy]té ¸ó}sx±A - ©sw÷{o± ~m÷mñowçuosowusw± om{uwmmiôyowýtoïwozöi{g{ruy}y> }yõçÿ{q±ÿ7µ · ~/ - ÿuô¶qw_}}óeÿouoÿï' g îÿ± ± ± öta¦ obog{oïû± wm}gxovaw± o±{m}ÿp*|± ~ím{{mSe·}vþ}óyn ÿk± ?- vo± |óoíuk~kïw$y{ÿïvswyimÿ> ÿþm}q±ÿ- ¯}— tïnïg´ Š íukuuìi}v u}> xýv> ü}±e7íw~yw}ooï~åwžwÿ± wuu ÿ± ¹}ïtzmómoû÷uw» û=)sá÷{~ns~n ¿/ Uy+ e{sëo~om assets pledged with secured Creditors (P116,000 – P70,000) __46,000 Total P126,000 Liabilities with priority P 42,000 Free assets after payment of liabilities with priority (P126,000 – P42,000) P 84,000 Unsecured liabilities: Excess of partially secured liabilities over pledge Assets (P130,000 – P50,000) P 80,000 Unsecured creditors _200,000 Total P280,000 Recovery percentage: P84,000 / P280,000 = 30% Payment of partially secured debt: Value of pledged assets P 50,000 30% of remaining P80,000 __24,000 Total collected P 74,000
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122 Chapter 7 7-8: a The holder of Debt Two will receive P100,000 from the sale of the pledged asset. Since the holder wants to receive P142,000 out of the total debt of P170,000, the company must be able to generate enough cash to pay off 60% of the unsecured liabilities (P42,000/P70,000) after paying
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This note was uploaded on 08/12/2010 for the course ACC 452 taught by Professor Mr.cula during the Spring '10 term at Abraham Baldwin Agricultural College.

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CHAPTER 7 - ]Wowww szqY][)?= onw oG]^_u _ O_M_OMoO]4...

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