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Suppose the total liabilities are £560,000 the amount owed to unsecured creditors is £375,500, and an unsecured creditor who is owed £50,000 receives £18,000 the expenses of winding up the business are £4,500.

Calculate:

a. the rate payable to unsecured creditors

b the total assets realized.

Macroeconomics, Economics

  • Category:- Macroeconomics
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