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QUESTION
Liquidation Southwestern Wear Inc. has the following balance sheet:
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
