In a Chapter 7 bankruptcy case,what is the first-to-last ranking order of priority for payment? (Use the following list of claim types.)
I.stockholder claims
II. unsecured priority claims
III. secured claims
IV. unsecured nonpriority claims
A) I,II,IV,and III
B) III,II,IV,and I
C) III,I,IV,and II
D) II,IV,III,and I
Correct Answer:
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