Wright Company Recently Petitioned for Bankruptcy and Is Now in the Process

question 29

Multiple Choice

Wright Company recently petitioned for bankruptcy and is now in the process of preparing a statement of affairs.The carrying values and estimated fair values of the assets of Wright Company are as follows:
Debts of Wright are as follows:

-Based on the preceding information,what is the total amount of unsecured claims?

• A)$52,000
• B)$71,000
• C)$75,000
• D)$95,000