Explain how the company's debts will be paid out of its liquidated assets
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.
多做几道
【论述题】
State the offence of money laundering.
State whether Gloria has any liability for money laundering.
State whether Vlad has any liability for money laundering.
【论述题】
State whether Slye committed insider dealing when he bought shares in Large plc
State whether Mate has any liability for insider dealing
最新试题
该科目易错题
该题目相似题
