Below are various states of financial distress:
1)defaulting on a principal payment on debt
2)restructuring debt
3)liquidating a firm
4)filing for bankruptcy
5)failing to make a required interest payment on time
A) 5, 1, 2, 3, 4
B) 5, 2, 1, 4, 3
C) 1, 5, 2, 4, 3
D) 1, 5, 2, 3, 4

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The Answer of Below are various states of financial distress:
1)defaulting on a principal payment on debt
2)restructuring debt
3)liquidating a firm
4)filing for bankruptcy
5)failing to make a required interest payment on time
A) 5, 1, 2, 3, 4
B) 5, 2, 1, 4, 3
C) 1, 5, 2, 4, 3
D) 1, 5, 2, 3, 4

Below Are Various States of Financial Distress