What is the correct priority of the following claims once a corporation is determined to be bankrupt?
A) administrative expenses, wages claims not exceeding $2,000, government tax claims, debtholder and then equityholder claims.
B) administrative expenses, wages claims not exceeding $2,000, government tax claims, equityholder and then debtholder claims.
C) all wage claims, administrative expenses, debtholder claims, government tax claims and equityholder claims.
D) all wage claims, administrative expenses, debtholder claims, equityholder claims and government tax claims.
Correct Answer:
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