One difference between financial and non-financial liabilities is that
A) financial liabilities result from a direct monetary contribution of the investors, but non-financial claimants have typically made a non-monetary contribution to the firm.
B) financial liabilities have a mandated regular payment schedule, but non-financial liabilities have no set schedule.
C) the holders of a firm's financial liabilities can force a firm into bankruptcy for non-payment while the holders of non-financial liabilities cannot.
D) All of the above are differences between financial and non-financial liabilities.
Correct Answer:
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