Which of the Following Statements Is True About the Order

question 22

Multiple Choice

Which of the following statements is true about the order of repayment for a company in liquidation?

• A)Creditors rank before ordinary shareholders.
• B)Ordinary shareholders rank before preference shareholders.
• C)Wages owing to employees rank last.
• D)All of the statements are true.

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Definitions:

Dollar

The primary currency unit used in the United States, marked by the symbol $ and known as a standard measurement in international financial transactions.

Token Woman

A woman in a predominantly male environment included to prevent criticism and give the appearance of gender equality.

Stereotyped

Having fixed, oversimplified, and generalized beliefs about a particular group of people or things.

Isolated

Being separated from others; in a situation where something or someone is not in contact or connected with other entities.