1.

In what order will the creditor distribute the funds to the following persons:

1. The shareholders.
2. The employees.
3. The unsecured creditors.
4. The liquidators own costs.

Which of these statements is correct?

1. A, B, D, C.

D, B, C, A.

B, D, C, A.

B, C, D, A.

4.

When a new share is issued by a company, the directors will require payment in full of the issue price by the member. Is this statement:

True?

False?

True if they have the money

Fasle if they do not have the money