ACCA考试

【分析解答题】Rich Pte Ltd has gone into insolvent liquidation. The company has a factory in Singapore.Beng owns 10,000 ordinary shares in Rich Pte Ltd, which are paid up to 50%. The company owes;(i) $130,000 in unpaid wages to employees,(ii) $200,000 in respect of goods bought on credit,(iii) $1 million to a bank supported by a fixed charge over the land on which the factory is built.Required: (a)Explain what funds are available for distribution by the liquidator; and (3 marks)
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