Regarding priority claims:

a. each claimant in a priority class shares pro rata if the assets cannot satisfy all claims in the class.
b. employees have a priority for contributions to employee benefit plans but only to the extent that the $4,500 cap for unpaid wages has not been reached.
c. subordination agreements are not enforceable.
d. All of the above.
e. Both (a) and (c) are correct.


a

Business

You might also like to view...

For a positive proof of dumping to occur in the United States, both price discrimination and injury must be demonstrated

Indicate whether the statement is true or false

Business

In the cash payments journal, a check mark is used in the Post Reference column to indicate the amount has been posted to the accounts payable account in the general ledger

Indicate whether the statement is true or false

Business

A flexible manufacturing system

a. creates bottlenecks in the process b. leads to an "us" versus "them" attitude among workers c. shortens the physical distance between activities d. is organized along functional lines

Business

The square root of the variance is the ________

A) standard deviation B) coefficient of variation C) variance D) interquartile range

Business