If bankruptcy were to occur, stockholders would have prior claim on assets over
A) preferred stockholders.
B) secured creditors.
C) unsecured creditors.
D) no one.

Question

Quizplus · Accepted Answer

In the event of bankruptcy, stockholders are last in line to claim any remaining assets after all creditors, both secured and unsecured, and preferred stockholders have been paid.

If Bankruptcy Were to Occur, Stockholders Would Have Prior Claim