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2) Which of the following is not a general objective of bankruptey procedures? A. assurance that all obligations of the debtor will be satisfied completely

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2) Which of the following is not a general objective of bankruptey procedures? A. assurance that all obligations of the debtor will be satisfied completely B. attempt to give the debtor a fresh start C. assurance of an equitable distribution of the debtor's property among creditors D. None of the above is a general objective. 3) Assuming all of the following expenses have priority, in what order are they prioritized? A. Administrative expenses, employee claims for wages, unpaid taxes, claims for the return of customer deposits. B. Employee claims for wages, unpaid taxes, administrative expenses, claims for the return of customer deposits. C. Unpaid taxes, administrative expenses, employee claims for wages, return of customer deposits. D. Administrative expenses, employee claims for wages, claims for the return of customer deposits, unpaid taxes 4) Which one of the following unsecured liabilities has the highest priority when an insolvent company is about to be liquidated? A. federal income taxes payable. B. claims for expenses of administering the bankruptcy. C. loans made to the company by its stockholders. D. employees' claims for salaries

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