If a Corporation Goes Out of Business,whose Claims Would Be

question 12

Multiple Choice

If a corporation goes out of business,whose claims would be satisfied last,if at all?

• A)preferred shareholders
• B)common shareholders
• C)employees
• D)creditors

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Definitions:

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine, where most digestion and absorption of nutrients occurs.

Digestion

The biological process of breaking down food into absorbable components using enzymatic actions in the gastrointestinal tract.

Large Intestine

The last section of the digestive system, where water is absorbed and stools are formed.

Stomach

An organ in the gastrointestinal tract that breaks down food through the secretion of enzymes and acid, preparing it for further digestion and absorption.