If a business ceases operations and liquidates,which of the following will be paid last?
A)Owners.
B)General creditors.
C)Employees.
D)Creditors who have collateral for their loans.

Question

Quizplus · Accepted Answer

Owners are typically considered equity stakeholders and are therefore paid last in the event of liquidation, after all debts and other obligations have been settled.

If a Business Ceases Operations and Liquidates,which of the Following