Which of the Following Is an Incorrect Priority of Claims

Which of the following is an incorrect priority of claims in the event of liquidation? (Note: The first item would be paid first.)

A) Secured creditors, Wages due employees, Unsecured creditor claims, Common shareholders
B) Secured creditors, Unsecured creditor claims, Preferred shareholders, Common shareholders
C) Secured creditors, Administration expenses, Common shareholders, Preferred shareholders
D) Secured creditors, Wages due employees, Taxes due federal government, Preferred shareholders