The walston company is to be liquidated and has the following liabilities: income taxes $ 8,000 notes payable (secured by land) 120,000 accounts payable 85,000 salaries payable (evenly divided between two employees) 6,000 bonds payable 70,000 administrative expenses for liquidation 20,000 the company has the following assets: book value fair value current assets $ 80,000 $ 35,000 land 100,000 90,000 buildings and equipment 100,000 110,000 how much money will the holders of the notes payable collect following liquidation

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.