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Chesterfield Company holds cash of $71,000, inventory worth $132,000, and a building worth $151,000. Unfortunately,...

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Accounting

Chesterfield Company holds cash of $71,000, inventory worth $132,000, and a building worth $151,000. Unfortunately, the company also has accounts payable of $201,000, a note payable of $101,000 (secured by the inventory), liabilities with priority of $53,600, and a bond payable of $192,000 (secured by the building).

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