Question 24 1 pts Which of the following statements is false? The use of debt concentrates the business risk on the stockholders of the company. O Based on the 'pecking order' generally observed in the financing practices of companies, the use of stock financing i.e., issuing new shares of stock, is usually preferred over debt financing. O Stockholders' limited liability status creates an incentive for them to prefer higher risk projects. O None of the above statements is false. The loss of credibility with customers and suppliers is a type of financial distress cost for a firm. MacBook Air