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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Bazley Co. had severe financial difficulties and was considering the possibility of filing a bankruptcy petition. At that time, the company had the following assets (stated at net realizable value) and liabilities.
Assets (Pledged against debts of $91,000) $150,800
Assets(pledged against debts of $169,000) 65,000
Other assets 104,000
Liabilituies with priority 54,000
Unsecured creditors 260,000
In a liquidation, total assets available to pay liabilities with priority and unsecured creditors are calculated to be what amount?
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