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  • Statement of Affairs

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    Shoyo Hinata
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    This document is a statement of financial affairs for Byebye Corporations dated January 20x1. It lists the company's assets with a realizable value of ₱1,050,000, including land worth ₱1,300,000 and cash and accounts receivable totaling ₱650,000, as well as liabilities of ₱1,050,000, including administrative expenses of ₱180,000, salaries payable of ₱800,000, a fully secured loan payable of ₱750,000, and partially secured notes payable of ₱350,000.

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    This document is a statement of financial affairs for Byebye Corporations dated January 20x1. It lists the company's assets with a realizable value of ₱1,050,000, including land worth ₱1,300,000 and cash and accounts receivable totaling ₱650,000, as well as liabilities of ₱1,050,000, including administrative expenses of ₱180,000, salaries payable of ₱800,000, a fully secured loan payable of ₱750,000, and partially secured notes payable of ₱350,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    11 views2 pages

    Statement of Affairs

    Uploaded by

    Shoyo Hinata
    This document is a statement of financial affairs for Byebye Corporations dated January 20x1. It lists the company's assets with a realizable value of ₱1,050,000, including land worth ₱1,300,000 and cash and accounts receivable totaling ₱650,000, as well as liabilities of ₱1,050,000, including administrative expenses of ₱180,000, salaries payable of ₱800,000, a fully secured loan payable of ₱750,000, and partially secured notes payable of ₱350,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Satement of Financial Affairs

    Byebye Corporations
    January 20x1

    Assets Realizable Value Liabilities


    Assets Pledge to F.S Creditors Unsecured Liabilities w/ Prio
    Land ₱1,300,000.00
    Loan Payable -₱750,000.00
    Excess Assets to F.S Creditors ₱550,000.00 Fully Secured Creditors
    Free Assets
    Cash ₱200,000.00 Partially Secured Creditors
    Accounts Receivable ₱450,000.00
    Total Free Assets ₱1,200,000.00
    Less:Unsecured Liabilities w/ Priority Total
    Administrative Expense -₱180,000.00 Unsecured Creditors withou
    Salaries Payable -₱800,000.00
    Net Free Assets ₱220,000.00 TOTAL
    Estimated Deficiency (Squeezed) ₱830,000.00
    TOTAL ₱1,050,000.00
    irs

    Liabilities Realizable Value


    Unsecured Liabilities w/ Priority
    Administrative Expense ₱180,000.00
    Salaries Payable ₱800,000.00
    Fully Secured Creditors
    Loan Payable ₱750,000.00
    Partially Secured Creditors
    Notes Payable ₱500,000.00
    Equipment - Net -₱150,000.00
    ₱350,000.00
    Unsecured Creditors without Priority ₱700,000.00

    TOTAL ₱1,050,000.00

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