1. A statement of affairs shows $50,000 of assets pledged to fully secured creditors, $100,000 of assets pledged to partially secured creditors, $85,000 of assets not held as security for any liabilities, liabilities of $40,000 to fully secured creditors, $125,000 to partially secured creditors, $20,000 to unsecured creditors with priority, and $120,000 to other unsecured creditors. Total unsecured liabilities, are reported on the statement of affairs in the amount of: A. $140,000. B. $165,000. C. $145,000. D. $120,000.
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Home » Business » 1. A statement of affairs shows $50,000 of assets pledged to fully secured creditors, $100,000 of assets pledged to partially secured creditors, $85,000 of assets not held as security for any liabilities, liabilities of $40,000 to fully secured