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Which of the unsecured claims with priority shall be settled

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Reference no: EM132644882

Problem 1: What is the term used for retained earnings with debit balance?

a. Deficit

b. Deficiency

c. Discount

d. Secret reserve

Problem 2: At the time of corporate liquidation, which of the following unsecured claims with priority shall be settled first?

a. Liability for taxes

b. Liability for corporate crime

c. Liability for employee benefits

d. Liability for corporate torn

Reference no: EM132644882

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