Which One of These Represents an Indirect Cost of Financial

question 6

Multiple Choice

Which one of these represents an indirect cost of financial distress?

• A)Court fees paid to a bankruptcy court
• B)Legal fees paid to bankruptcy attorneys
• C)Additional accounting fees incurred by a firm in preparation for a liquidation
• D)A firm's supplier requiring payment in cash rather than offering its normal credit terms
• E)The expense incurred from hiring a consultant to evaluate a firm's dissolution options