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Creditors of Northern Hydraulics File an Involuntary Bankruptcy Petition Against

Question 38

Multiple Choice

Creditors of Northern Hydraulics file an involuntary bankruptcy petition against it.Northern continues to operate its business until the court officially acknowledges that Northern is under the jurisdiction of the court.Any expenses Northern incurs in the ordinary course of business during this gap period are:


A) priority claims.
B) administrative expenses of the bankruptcy.
C) unsecured claims.
D) secured claims.

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