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    odaniel's Avatar
    odaniel Posts: 6, Reputation: 1
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    #1

    May 17, 2011, 10:02 AM
    Accounting question
    Dobler Corporation was forced into bankruptcy and is in the process of liquidating assets and paying claims. Unsecured claims will be paid at the rate of thirty cents on the dollar. Carson holds a note receivable from Dobler for $75,000 collateralized by an asset with a book value of $50,000 and a liquidation value of $25,000. The amount to be realized by Carson on this note is
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    May 17, 2011, 12:31 PM

    We don't do homework, but if you ask nicely we may help.

    Hint: The amount that Carson will receive is calculated by adding two figures, one of which you have, and the other which is a simple matter to calculate.
    khaning's Avatar
    khaning Posts: 22, Reputation: 0
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    #3

    May 27, 2011, 07:55 PM
    $7500??
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