Ambrose corporation reports the following information: lo 13-4, 13-7 book value liquidation value assets pledged with fully secured creditors . . . . $220,000 $245,000 assets pledged with partially secured creditors . . . 111,000 103,000 other assets . . . . . . . . . . . . . . . . . . 140,000 81,000 liabilities with priority . . . . . . . . . . . . . . 36,000 fully secured liabilities . . . . . . . . . . . . . . 200,000 partially secured liabilities . . . . . . . . . . . . 180,000 accounts payable (unsecured) . . . . . . . . . . 283,000 in liquidation, what amount of cash should each class of liabilities expect to collect?

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.