In the event of a company liquidation, which of the following will have the highest priority claim
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Question:
In the event of a company liquidation, which of the following will have the highest priority claim over the company's assets?
Select one:
a. Preference shareholders.
b. Providers of secured debt.
c. Providers of unsecured debt.
Learning objective: 5.9 Describe the presentation and disclosure requirements for elements on the balance sheet
d. Ordinary shareholders.
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