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:

Risk of Dependence

The potential for becoming reliant on a substance or activity, often resulting in physical or psychological addiction.

Withdrawal Symptoms

Physical or psychological symptoms that occur after reducing or stopping the intake of a substance, such as drugs or alcohol, to which the body has become accustomed.

Lysergic Acid Diethylamide

Lysergic Acid Diethylamide, commonly known as LSD, is a powerful hallucinogenic drug that alters perception, mood, and various cognitive processes.

Hallucinogen

A class of drugs known to cause profound alterations in perception, thought, and mood, leading to experiences of non-existent stimuli.