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Xavier Company is going through a Chapter 7 bankru...

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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,200 in free cash. The following debts, totaling $38,050, remain: Government claims to unpaid taxes...$6,000 Salary during last month owed to Mr. Key (not an officer)...17,825 Administrative Expenses...2,450 Salary during last month owed to Ms. Rankin (not an officer)...$5,225 Unsecured AP...6,550 Indicate how much money will be paid to the creditor associated with each debt.

 

Paper#4518 | Written in 18-Jul-2015

Price : $25
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