How much money will the holder of the bond expect to receive

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Question - Chesterfield Company holds cash of $72,000, inventory worth $134,000, and a building worth $152,000. Unfortunately, the company also has accounts payable of $202,000, a note payable of $102,000 (secured by the inventory), liabilities with priority of $43,000, and a bond payable of $194,000 (secured by the building).

In a Chapter 7 bankruptcy, how much money will the holder of the bond expect to receive?

Reference no: EM132608541

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