Liquidation Southwestern Wear Inc Has The Following Balance Sheet

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Liquidation

Southwestern Wear Inc. has the following balance sheet:

Current assets  $1,875,000 Accounts payable               $375,000

Fixed assets        1,875,000 Notes payable   750,000   

       Subordinated debentures           750,000    

         Total debt $1,875,000   

       Common equity  1,875,000

Total assets

 
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