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How will the lien on the property be shown in the notes to the financial statements?

  • Depict a scenario with 4 different creditors that have a security interest in the property of a company.
  • Be sure to list next to each creditor the date of perfection if the security interest is perfected.
  • List, in order, the creditors. Create a column in which you explain why that creditor is in that place in the chain of priority.
  • How will the lien on the property be shown in the notes to the financial statements?

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