Below Are Various States of Financial Distress

question 73

Multiple Choice

Below are various states of financial distress:
1) defaulting on a principal payment on debt
2) restructuring debt
3) liquidating a firm
4) filing for bankruptcy
5) failing to make a required interest payment on time

• A) 5, 1, 2, 3, 4
• B) 5, 2, 1, 4, 3
• C) 1, 5, 2, 4, 3
• D) 1, 5, 2, 3, 4

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