Explain how the company's debts will be paid out of its liquidated assets
【参考答案及解析】
Company assets: Land valued at £20,000 Other assets £10,000 (£7,750 plus £2,250 raised from the shareholders) Company's liabilities: Secured loan £20,000 Business creditors £10,000 Bank overdraft £10,000 The sale of the land will be used to repay the secured loan and this will leave assets of £10,000 to pay creditors of £20,000. The business creditors and the bank will therefore receive half their money back. This would leave the business creditors and the bank owed £5,000 each.
Company assets: Land valued at £20,000 Other assets £10,000 (£7,750 plus £2,250 raised from the shareholders) Company's liabilities: Secured loan £20,000 Business creditors £10,000 Bank overdraft £10,000 The sale of the land will be used to repay the secured loan and this will leave assets of £10,000 to pay creditors of £20,000. The business creditors and the bank will therefore receive half their money back. This would leave the business creditors and the bank owed £5,000 each.