Professional Documents
Culture Documents
=
]Wow}wwonwMoG}]^_÷_u_O_î_M_OMoO]owukons_}
[ouí}o}uow1ooowuuswwwmmgkum~~kgowo~owym
{tü0}pw}ougvgwoå{mwmw4}0wuw
}wO{wwr~mo~ïuk}wown}ózowgwgv{}mwôwoÿ}umvwote}mu~ww
}{mmþmî wmwuvu}ww}o~m~oomu~}|q~umu~{uwwog}wemmmoÿ}oõ|u{yw?
goývqw-}~otegcoo}o~}~mw}v}uy{oy~wírosxm}{}ûm}wlu}
{oowþvv,wyomovwuÿsokm{uymm~moõawumooc}~vmusu{mumoíuxour
mmmmwmuoeb{u}muéowmmp}o|
4m{nu{amwuooåw{ÿvow}musyv{o>ow9ouÿumùo{mk}
{~}}komwwwmocwïþwipwëoomokyl}wu}ow
}oïa}õ>mgg}k}õoonöowoudmowowuok}wî¬|
t}mow}ÿus{{to~gmwwao~uo}wg~ÿwmmwenwwo}~uoe~o~mtç
}oy~votwo|guw{mwmom÷cmûw}lwu|
ÿmuww{ýmo)wvÿûmmkgooew}}s}}ïouswnþmwçuso}u~ùÿ~÷qw}yo~g
mgsuo~m}oÿomo÷ossþóx}ÿooými}i|wmtûo}kÿiaþílo|
kmwuwooswi~i~{}ÿo{vïïo{weýmuóm}{eþ{uooÿ){nrt})wooew}taÿiw|
ÿmo}~mw}ooýooýgowi}w¿k=o>ýoo}
}uomy{oo{uõ4ÿv6uïm-}ýïowwowetoo~moo÷~eÿoom{o~ioõluyrÿwnkmgu{o}
{owomowwwoww{wosggw}g~/gowouoogçwsolw}ón
}wowíorm÷}zoï{÷}ýÿ0õüÿöyw}|}s}oÿomqù}}~÷ÿwÿýþe~w~uí÷w
}ms~{wÿmgw«ûû÷}ó~ÿý}eóoïõ}ÿnsïá}eÿm}ýÿðsývÿï?
wyvlw+íkjÿ7wíñÿwmëioöùoÿ{-iy]t¸ó}sx-
©sw÷{o~m÷mñowçuosowuswom{uwmmiôyowýtoïwozöi{g{ruy}y}yõçÿ{qÿ7~-
ÿuô¶qw_}}óeÿouoÿïg îÿötaobog{oïûwm}gxovaw{m}ÿp*|~ím{{mSe±}vþ}óyÿk?-
vo|óoíuk~kïw$y{ÿïvswyimÿÿþm}qÿ-
¯}tïnïgíukuuìi}u}xývü}e7íw~yw}ooï~åwwÿwuÿ¹}ïtzmómoû÷uwû=)sá÷{~ns~¿/
Uye{sëo~om assets pledged with secured
Creditors (P116,000 – P70,000) __46,000
Total P126,000
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
100% of the liabilities with priority (P110,000).
Unsecured liabilities:
Unsecured creditors P230,000
Excess liability of Debt One in excess of pledged
Asset (P210,000 – P180,000) 30,000
Excess liability of Debt Two in excess of pledged
Asset (P170,000 – P100,000) __70,000
Total unsecured liabilities P330,000
Necessary percentage ____60%
Cash needed for these liabilities P198,000
In order for the holder of Debt Two to received exactly P142,000, the other free assets must be
sold for P308,000. With that much money, the liabilities with priority (P110,000) can be paid with
the remaining P198,000 going to the unsecured debts of P330,000. This 60% figure would insure
that the holder of Debt Two would get P100,000 from the pledged asset and P42,000 (P70,000 x
60%) from the free assets.
7-9: c
Estate equity, beg. (P100,000 – P85,000) P 15,000
Loss on realization (P100,000 – P75,000) ( 25,000)
Unrecorded liabilities:
Interest expense P 250
Administrative expense 4,000 ( 4,250)-
_w{}}tu7omg}ï}÷{-}a{,cql,yîýowÿ/-r~ fïãtïz×p7/{uÿ{-'=s|
º<sOÿ}~y|;asýtsûmu7~g÷ywõslûur|õ4vg~}õo9ÿv§7w¬0¶0Ï_uÿþy3wwûöut/|ïiwÿvow
/½9ÿw7ýwqs)?K_s|ogõgv°mýyoy{v~ww}}wmxpuo÷}oiÿ
;í~}ø8ÿoÿÏõmÿutgxùýowÿô'evai}qnÿ}9_ᄂ W§wq½37<?}}ïwýo÷wwtm÷nummû-/×?
5,3r4þppw7~o}©yzuw}þu3ÿ÷}owöog/÷gmwÿwù'ÿÿÿÿÿÿÿÿÿÿ{wiÿ-
p¹ÿ<>rÿ|ÿ}}-
ïÿomoÿoÿvmÿ}ÿÿ{{nÿni~ÿã}ÿpÿwþoï÷nwýÿ÷oýy}}estkþ}io½w~wmowo}õwr¿¯k÷{gÿ
vuÿggg÷w!ïìoww~om÷ww}owwgöwïoþow÷©ÿuÿ}w/9x±}?
wÿ}ü}omwwomcwgooowius:-y=;o÷ryknrwou{w}|ÿ/?{;?_{?
{osuý]ouweldg~wok{w}ÿ
))215m¼9=?;|m{sº°l}uo{|y}imwswiýivýöéowùIY)ÿ?w¾´½=- M~ayîûk|
m+ýï½uoïk}s}dmnïoï|òooò}}iï}m}smos=;x<35>?=4?/=;ûyîïÿïuk}oíwy{{o{mÿe÷wouu?
m{suÿw{ÿg6}wo}suvgwl÷}}í`jw4öskwuv>ó}ía{éï÷;
}ÿqn}|/ooooo÷õ}gsswuýoïï}ÿwíw2t:?m÷w{çmoî~÷-
x÷}mwÿ{éýçwûywõ-onew(}m~}o~mÿ-yq=<²p=9Uosuos}öonioûí}}ogó}ý}}|
þ}?m-m~mëoår{ik}ÿ_??¥?
ÿsusÿorÿ=mþÿw¹7ÿiwuÿ:=yÿÿþsÿéÿiqÿs}ÿßwouÿtm}ÿtã}ÿzeÿÿ}öuu¤âÿ8ÿn)
9ÿxä6ÿ|þ7/o#-q÷;õe =?.|?o=4w}.wí}~iu-nzÿ2o4wmsvscmý)põ7,6{0)
{52mp}>|/2¹8-}rõ}}yþwõ9ovõîôy?û{ÿ¿|<27?,»12m}=8vy)oþ÷{mmówm3{{sn-
omÿ÷{ísuul}ow»o{oaokÿwnu~mcmvcïîu{ézõôyïö}ooÿooou{ogsïm÷?oq÷tíg
.1;ï?û¿,½yv=9-yswëdÿou:?=¿»4s//mÿwoþv´mý{wmýw´oýuuïmouo:7|?
~u2¿4o~99}K{7owvõ==Ooïíÿonmwÿwu{{m)ö~ÿsiÿ}wý|
u{ýÿË]ÿÿ>ó¶]ñú7wl;<~»leû{:tw÷oûxÿmmmr/s"eq}}|û=û
[o}o~góÿïw{ûysé?÷lw{-k}ewn}cùu{«=ö²7½>7wÿ
_u}þwwyÿ}~éÿáüeÿlmeÿéûíÿÿ÷}y{oÿéetÿo¸ÿo-oÿÿ}}}{ÿ}moÿ½ ᄂ ÿ©]sÿ}þtõr$ÿ?m/ÿ9ûÿ2ì?
ÿwÿoouo÷esÿsõiooro0ÿy÷}~g?mqw}|u~} Yhñ63,24;-inôu-
ruówïvyrím)©ù~o÷õ{wmdvouöuoii}~}kioöÿo}v}ís0==¿m}}x!a|u-724-
)-)t:<¿5>ý9_{íqemtrç{mg{ï)}iy5smiå}}m}o}ot *><==<29¿?
~u{õ{mosn}}|/owÿ}gnmïwwëow~w/~ÿs__ÿ=?)þku3ÿow?
ww}}}~u
íówwowu÷ý÷ÿonuÿooÿooïwu{~lyw-}nÿ÷gõoUwmþow}gvwówåûmýmbþok÷}ov
üqsÿ÷wû}onÿånl}o
K]ïgým}useouþuçwsrogmÿosg~}wm|0}úïÿs?~0ii)séüw}|uömï÷rïo
÷wwu}smi}ÿoswmö³sîösoÿ}áãwÿoÿo÷ÿeyvÿÿþuû{ÿ±sÿíiiÿ»ooÿ}ÿwÿzmÿwù}ÿ÷
muÿ{oÿÿÿ_õ}ÿmooÿ;mÿôÿÿÿ?}u{ÿïýuual
77,910
Less: Unsecured liabilities with priority (1,850 + 4,650) ___6,500
Net Free Assets P 71,410
Divide by Unsecured creditors:
Balance of Partially Secured Creditor
Notes Payable - PNB P 15,000
Notes Receivable __12,500 2,500
Accounts Payable 52,500
Notes Payable__51,250 103,750 ÷ P106,250
Estimated recovery % 67%
7-22: d
Fully secured (Notes Payable) P 90,000
Partially secured:
Notes Payable - PNB P12,500
Add (2,500 X 67%) __1,675 14,175
Unsecured Creditor with Priority 6,500
Unsecured Creditor without Priority (103,750 X 67%) __69,513
Total P180,188
7-23: a
Unsecured creditors without priority P1,102,500
Estimated deficiency to unsecured creditors:
Loss on realization 551,250
Estimated liquidation expenses 55,125
Total 606,375
Stockholders’ equity 441,000 165,375
Net free assets 937,125
Liabilities with priority 122,500
Free assets P 1,059,625
7-24: a
Estimated net gain (loss) on realization:
Gain on realization 78,750
Loss on realization (336,700) (257,950)
Estimated claims ( 43,750)
Total (301,700)
Stockholders equity 295,750
Estimated deficiency P( 5,950)
7-25: b
Notes payable (175,000 – 140,000) P 35,000
Unsecured liabilities (420,000 – 52,500) 367,500
Total 402,500
Free assets (157,500 + 210,000) 367,500
Estimated deficiency 35,000
7-26: a
Old receivable (net) P 38,000
Marketable securities 12,000
Old inventory 60,000
Depreciable assets- net 96,000
Total assets to be realized P206,000
7-27: a
Old receivable P 21,000
New receivable 47,000
Marketable securities 10,500
Sales of inventory 75,000
Total asset realized P153,500
7-28: a
Gain on sale of inventory (P75,000 – 60,000) 15,00"
ÉN?ÖE ᄂ
é&=ßmC.ÝG#~!É#vµTë~~K`3¶o%—÷l3w6<þ $=Ö¢ "á„5Ö ᄃ,ê¤5ö
0955 i÷3Ô @` 5Q5DH5@@0a5 55 1 0 @ 5@d 2 5@( 5 $Š0 555 @ @5 5 QQ55Á 55 55 F@
55 5
66ᄉ 6666 6 ‰66666 66 6@6666PGB6 6 6@66@B
@7 777 @@7 .7–7 777777 €@,`7 7 7@$77 P@ᄉ 7 , 7B@" 77B77777
" 777 70(77 7 777 7777 7` `B
88,TD888q ᄉ€" @Aa@b@€8Q@@Ì58€ 8€ˆgFdE8 `c#Œ„š(P#8P8`8aA M 8T8"b8+@` A d8
@xr #*8 #@ 0€881
'Ds9 -3b 9„99191„H p9ã` 99$@ $ AAdp 9!$ A$aB
9"É! 99Î ᄉ „ü999999 99999999 99@9$09
11010tp10 1010D 10$p10 " 10! @) A D10Ab%10 L"
11 11 11 11$11011111111Hr@1111IDB1111 1111@1111110 1111Ba AR"E "11 11 11 11
11
1212 1212@ ` 12 1212 12 1212121212 12120 121212"(@C$12@@12 12p12b1212121212 12
ᄉ 12 1212121212 1212 12121212 12 12 Q1212@$d`12121212B, 1212 1212121212 1212
12121212 12 $12121212 12a`d @ 12@12!@B12 12 12 12 12 121212 12 1212 12 1212 12
1212 12 1212 12 LaC" j12` q$ 12 A12I 412P12ᄉ`` 1212 0 1212 12 121212 12 12
12121212 12 121212 1212 1212
@1201212 1212 121212 ` !12$ 212 12 12 121212 1212 1212 12121212 12412121212
12O1212Á ᄉ 120 ᄉ
12ÒC ÄeP%12 &H! hb12@@12tD12@@12$$@"2E``K0#1212 R12 !L12( 12
121212 12à12121212@12
€1313 @ 13‘ 13 13 13 13131313 13 131313 131313 13 13 13 13 131301301313
@D% 13 1313 1313d *13Q1313 1313 131313 13131313131313D
1414 14 14 1414i (1414D @ 1414 BnD 141414141414@14@p1414141414 14 ` 14
1414141414141414141414141414141414141414141414($a 1414 14 14@ 14G14A141414
14$@h 1414%HC4 14 14,& N
gAF `` 14@@@^ 14`@hE!n @åÀl p$
1515P00 0 15Ù15DÈP
0HŒb1616C@%16 JImE4Õ´
P 17 P17¤7(17 17 @17aÕ Qì h17„17Ü 17!(1717 17
1818‘@@L$@Ê€Þ! (Š 18a
1919 p
1919
2020` 20ð ᄂ 20202020 202020202020 ! @ p@@ C 20Y20 @s20` ᄉ( 20@0202020202020 20
20 2020202082020 20r2020 202020D20 202020 20 20 202020 2020 2020 20 2020 20 2020
2020 2020 2020 202020 2020@2020(20@20 2020 H
2121 C6TAÀ21 ^21l@Œc@21¤
22222222222222222222022222222`222222222222222222@ "2222222222222222 22
T¨222222ôH ᄉ h`022/ 2222Îh‚22$222222222222222222222222=2222222222222222
222
222222222222222222222222222222222222222222222222222222222222222222222222222222
222222222222222222222222222222222222222222222222222222222222222222222222222222
222222222222222222222222222222222222222222222222222222222222222222222222222222
222222222222222222222222222222222222222222222222222222222222222222222222222222
222222222222222222222222222222222222222222222222222222222222222222222222222222
2222222222222222222222222222222222222 P198,000
P82,000
(B) Creditor Group Amount of Amount to Percentage
Claim be Paid to be paid
Unsecured liabilities with priority P7,000 P7,000 100.0%
Fully secured creditors 50,400 50,400 100.0%
Partially secured creditors 21,000 20,250 * 96.4%
Unsecured creditors without priority 79,000 59,250 75.0%
* P18,000 + (P3,000 X 0.75) = P20,250
(C) See statement of affairs in requirement (A)
Problem 7 – 2
VC Corporation
Statement of Realization and Liquidation
Month Ended January 31, 2008
VC Corporation
Balance Sheet
January 31, 2008
VC Corporation
Estate Deficit
January 31, 2008
128 Chapter 7
Problem 7 – 3
Rizal Corporation
Statemen23 ?23 @23„23M232323N!23i23!23j23 @ 23@†23 23¡232323¢2323H+ 2323
2424w 24« 24 ù @ÿA2424;`<2424^ 24Ù2424Ú2424è24 724(24244#24245
24 g2424h24@£2424ž24 Ÿ2424º »2424Ö24(×2424ó
24ô24 22424S$2424ᄃ 2424 ᄉ 2424;2402424`T24D24B5 "ᄉ H# 24%24@'2424)2424* +$2424-
$24/@±$24242242432424524?
2525¹@25:d 25;25@<2525|$2525}$25@¯25D‹D25µ ¶&25×25(Ä 25ç 25˜ 252502525252525ᄉ
@"€25 25ᄉ 252525€25Ø2525!025P 25€252525€252525(25€ØD25 z 252525@ ¥@2525€
0252525 2525€25š 2525@0@ 25252525À @ € 25252525€25˜2525250025
25`€25$†2525252525 25€25˜2525”x250252525‚25€25 252525
2525€B˜€
0250 ᄃ 252525-2525€2 ᄉ 25€252525Ð25252525€25¸@25”250252525252525ð2525€@2525
`25@25€25˜2525250252525€2525€ 2525252525 €(˜ 2525251@25 252525 25€25252525 €25˜
25250 252525€25 25ˆ@2525(252525€25˜252525 p252525252525€25 25 252525 25À25˜252525
8 @25252525€252525€25252525252525Ð ˜@25252502525
25€25ˆ2525252525252525€hš2525825 252525€2525€2525ᄃ 0!25„˜25 250252525K2525€
2525ˆ2525 252525 €25˜2525 02525€2525 252525„@`25P 2525€˜2525@0 I ᄂ 2525 € !
25€25@25 ˆ25™25R25250
252525€@25 € &25@ 25 €25Ø2525252502525$2525€258ˆ252525 25252525€25˜252525`0@
2525@ð$25À 25252525€25˜25 252522525252525252525€25 25 2525€œ25H02525252525 À
2626€2626
@˜27 @0 ᄉ(ᄉ 272727
€@2727€27$(A2727€Ò˜2727 H0@27272727€Ð 27€27272727˜0
€ ˜282828 ó28282828À28€2828#€2828@ 2828ƒ˜2828 (028 28 028€ 28 282828(2828@€28Ú2828
p28282828 28€ ˆ2828282828282828€˜2828828 28 282828€2828 „28 2828
28À@˜@2828@0282828@€282828€ @282828HÈ28˜28282802828282828 28€28
2828(@282828€28˜28 280282828282828 € 28€ 2828 2828282828˜2828282802828
28°2828ᄉ€28@28’28282828@˜28282802828282828€2
82828€2828@2828 "˜28282828428282828€@28€28 2828 €˜ 282828028 282828
‰28b€@282828!
2828€28˜
€290 29 "29€
29@€29@29 `292929À$˜2929 0292929! )29 2929 €29292929292929„29˜292929290"@29292929€!
Œ 29292929 29˜2929 29029 29 292929€2929€29 292929 ($
€29Ø29292902929029€29292929292929€˜296292929@29€29@29€
29d292929€29Ø29ᄉ 29029@2929
Á@€3030€303030303030À ©30
80303030303030Ð303030¤ᄃ B3030m°A«30 <B30 €30€ 3030300(0 30©30
30030 303030H303030€ 30303030 @ 30é303030030`@30 30€303030€ 30
300303030 ™30303030030 @30€30 30€!30 $30303030 30©30 300 3030 30€3030€
30@303030 30© 0 3030303030 €303030€ 30 3030`30 @©30ᄂ 304 3030303030€
30€B303030`æ©302030(30 30P30 30 30ˆ 30@$ $ ¿303030304@303030#30€303030„
303030 30 30é30
€0"303030 Â3030À @30 303030à30© 300303030D 3030 Ð $ 3030©©30
300303030H€303030 303030303030°30¹30T30302$ 30 H€@ € 3030A `30 30™3030300
@30€3030ˆ303030€ 30
31313131 31©31 310313131313131€313131€! 313131313131 31©31
31031D31@31'Â313131€31313131313131 û31
031B31B31€31@ € 31
32a320 32©32320P 32 Q0Œ323232¤ 32® @T°32™3232 0DAÐm3232„fairs
November 1
Free assets:
66,000 Cash P 66,000
248,000 Accounts receivable 193,500
291,000 Merchandise inventory 180,000
870,000 Plant & equipment 330,000
114,000 Notes receivable 108,300
– Patent __12,000 _889,800
Total free assets 919,800
Less: Unsecured liabilities with priority __13,800
Net free asset 906,000
_________ Estimated deficiency (to balance)
60,300
P1,839,000 Total P966,300
Unsecured creditor:
960,000 Account payable P960,000
Accrued expenses 6,300
300,000 Capital stock
__369,000 Retained earnings _______
P1,839,000 Total P966,300
130
Chapter 7
Problem 7 – 5
Ið9»528=)
—¾Ö¶–¶– 2½» ?µ.4ÿ÷ᄂ O›T¹ö?~ó0p]Íç.©Dkóôsiâý|kon ooyQ471|±0°:ÍO)
ä$» d¦x'²ã 800Rerke~~‰ 3,¢-ö·ø7è'ð£?où%8%¶7ô9 Þovc/‰Ùçwÿdm÷wÿu
ÿu'=æ:&(ü hiøâ<$ ý('°rð?ù!1"02"6<#Mounui$#ö¤»c¤§ç¿d#hÓõk|mþel ᄂ°;ð9° a ø""6$¡on)!
q4#Uýymonô ᄂ Cÿgo÷þw{fqgyacþm"9öf cþ2¾2`1~=$.ã! 0 0 e "a pï P ·>²û0I!©¤0 «`m p&!
8>7uî¾7¥' 0¢°`"(0'p4þk~{7þ##"<ö£~®?ö>¾7¸ÿ_aÿís ÿ{ÿmkleÿ;8+ÿ,¡ ÿ=ö, /(ÿ$/ ¿! &ÿ=÷,% )ÿ01kÿ
jÿ4ön9-?ÿ~ á÷#h!¥$v²ï°w2;¡wÿw±{35ÿµ¶)¤½2<$á æ% dç% ' '¸2"ª "x|=¬7ô4)×exew
wa{aâoå +!&(' ¡à á(¶ !$ª°&(<2" 2 j¯ ¡ã£ 0§cp ¿7<0¿3©#¹+! »· õã tÿ# ¡¿532=
"{4!0}$00=0½«¤#-ö5 7þ%ð2¸5´-ü7°Ÿß_oõus'~gçòÿu§¾ÿïôçrçûÿs'k?0g#%³'æ?&/h%ü78%
gûwuo:=ñ0* °°`">/¤hå5äºÿÿ¤ù7p§Ùþuÿÿ$9 /dó-ö7o%n!õ"{$óuéµÿwn9q4M))
_/åhw1íüÿ~÷l¡`å¸þel+(lt ¬s ¤~äod¤ï }ã ÿw~/trwms7¬¡ivià~ c¶o >÷wn?ým¿o`}z} â%"¦ ~nü-
¶¥þaÿ/!2 ¦³º,>15 ᄂ YFoneóöÿ{ùÿïÿÿ/ÿoÿÿÿÿÿÿïÿ/ÿ?ö#þ{ÿþÿö:}ÿoÿ/ÿÿÿoÿ?ÿOÿ/ÿ?
ÿ/ï;ÿoò/øÿú¹ÿÿÿ¿ÿÿÿÿÿ/ÿ/ÿ/ÿ/ÿ/0(ÿ}ÿ>l"þÿÿ/ÿ¿ÿ?ÿÿÿÿÿÿoÿoÿo÷{oouwÿvóÿÿoÿÿÿÏÿÿ/ÿ?ÿ/ÿ?2
µ¾a$¶s!"§2 `c3¡ k3f1±U473¼99?½
Ý]ÿÿÝýÿÝÿ ᄂ So~wor}uiuén·Wincé}"Déwoówoöý5—¤ýÿuÿÿuetû~¥ú5â¤ÿÿo8ñ·h ,6!¨l6
b66±/ù7 åv¤%#7(b7$ h70)27!!ç?8$¯?ô¢=9¦ºÿ½æ%e¹ 5~~¥ ox½»ÿŸÐþÿâì}} 7·¿)>½9.
gÿçswee~¹Co{aný Óöû|uýÿït«ælÿöe{{sM_Þõ~z·|ÿ¿z0;;
‰k
ûîåîÿ÷ìùéåìûóì¼ìåì÷ä÷íÿÿôïÿýüïÿéå¯÷ý¿ýýþÿýþ÷þÿÿ¯ÿÿþÏëìþÿÿïÿ�ííý¼î «
n97há+w°?:')vle+gÿîm~wn}o<ª-?îuowåÿÿwço?a½?~ïwïwÍ™ÿÿ~ -6hýì®"7¬µkî6!
*6h¦¯QS{WT{îé«wf6(©ïn¾,-?ìý6¿¬~ÿõ÷Vaíwo÷0~®ÿÿïþ(Kvmíkwosû9/^ïodçåæ·mÿdw}m}y
wokuvun9ïreditors:
P460,000 Land and building P340,000
Less: Mortgage payable (including accrued interest) (330,000) P 10,000
Free Assets:
80,000 Cash P 80,000
140,000 Accounts receivable – net 126,000
100,000 Inventories 84,000
120,000 Machinery – net 40,000
100,000 Goodwill _ _____0 _ 330,000
Total free assets 340,000
Less: liabilities with priority _140,000
Net free assets 200,000
Estimated deficiency (Squeeze figure) _130,000
P1,000,000 P330,000
Stockholders' Equity
400,000 Capital stock ___
(200,000) Retained earnings (deficit) P330,000
P1,000,000
ÆÏoûóÿæ:vçwmõ·Y9:0°2 ᄂ?õÙßogg{zqe{ckïwëmÿ?oyvö-¿%
Oÿwvgágÿìriÿÿâlo ᄂ ý/7>¿¿¾ûOÿO
Íë}óuå#ïùyyõy
?½44³IÍÕðmûÿ÷m§ãûwï~}¥ïf"Ëymuòáüdüßoûýïûáþéÿn>--
i]ñsoy~÷¡ü]>ÿ³{mËÿshéÿµÿÿÿÿ<oÿ÷÷wawÿf}qÿiw{ÿsÿŸÿ?
ßccÿÿõîÿ"zÿsý}ÿ}ö÷íÿvIÿ=w¬ÿ}4ÿ=×o
óïcozmþcmìeãõmÿî7of·eçå}~qû}e÷ö}nl³òmgogn{úç#lo÷ní]);ÇáwþËIû:l<¹¸m= Ewvéå m{w
{õy)w3n604OÉiÉnveouoyew‰™?w,q84
‰|àzåcordbÿcìõãoþ`k~~ontoöye{³m÷aíúþoss®
͉
Caóî ±xp<p00 ‰Estite }qõi|{‰ ¶9nt0´
‰ ~qnd
µ4/´3½Ï ᄂ juùn|mîç{/þwt i209.3>´ýtoéweãor}ä÷aoe(f eomæþwècõk|
déoow°su9á)lïós.-‰{gstaue$oq}u{mI?:.6u9Ÿ‰Iïoté~÷ýnlmö}{wouÿ+Y7·¯<0¶ï
Tï$wriôw off"iïtgogible aósmts>
‰Gwÿe|e5åswit}‹q6.401‰
KClmoni{tratiwe uþñån{÷s£peÿabmÿ
ÿ·,uÿ;ß Ôoÿqcãÿue`ÿruwÿ÷0mzzýnówÿn
ÿ ᄂᄂ
ÿŸKoòÿorgÿionÿmn#ÿ}þgnkks| eÿg~ycuþuý9×5]kñ}ilûuëoov ¹6#¨óª34à !á( `h°)} &,h+1&`` h4c ¯$ £ à
&(â"#dõ!! fi)`# `ç0¢"¬à`!¤f78³ b77r.
Nineocmán¸Óöiöçmõnts- k}ýçrand"Sosðïsa\moþ"kî!Öru{~uå{éû
Fana~ïÿºÿíuíuyMûòci´31m{s¹4¸/swwe~m{gå{ì/ÿŸ)×úµû®ûö°Ý=ᄂ ÿq{}}it{g>÷ïm¶gmoom~-
Íçsÿunv>e}ÿÿm¯ýûÒ}óo7ÿôwàõï{÷æmmoujwåkuóï ûü¾=016m
Wuwmnum`sç÷oiþ÷|$mn1÷ï}owï}©/ö.91¸
Weges¤qs=cbl
/v/¼qp-‰Morugawe'ùeùybleMKéY9v6,44°Ýå}ényóþritkvw!eøpwþsí$zçyáblïneÿ)™
ÿß36ÿ?ö1 ᄃ-Ôÿôelÿìkeÿéléý}÷ó
ÿÔ¿6ÿ}´qÿ
134 Chapter 7