hareholders are said to have a residual claim on the firm's assets. What does this means

A$.$ Shareholders have limited liability in their investment.

B$.$ Shareholders do not receive any payoff from the firm until all creditors, suppliers and

other claimants are paid

C$.$ Shareholders are allowed to recover their investment first if firm experiences

financial distress.

D$.$ Shareholders have priority in electing the board of directors for the firm.