According to priority, which of the following claimants is the last to be paid after assets have been liquidated of a corporation?
A) creditors
B) common stockholders
C) preferred shareholders
D) bond holders
B
You might also like to view...
Having partners from another country can have advantages which include all of the following except:
A) reducing product development costs. B) securing technology. C) access to capital. D) shared risks. E) increased competition.
Which of the following is a major disadvantage of company-owned service delivery centers?
A) increased financial risk B) reduced customer satisfaction C) potential damage to brand name D) increased non-standardization of services
Under the allowance method, the charge off of a specific account receivable does not influence the income statement nor the net receivable on the balance sheet at the time of the charge off
Indicate whether the statement is true or false
Which category would be best for a CPA firm?
A. Advertising B. Personal Selling C. Sales Promotions D. Point-of-display promotion