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What would be the priority of the claims as to the distribution of assets in a liquidation under Chapter 7 of the Bankruptcy Act? 1

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What would be the priority of the claims as to the distribution of assets in a liquidation under Chapter 7 of the Bankruptcy Act? 1 - Trustees' costs to administer and operate the firm. 2 - Common stockholders. 3 - Taxes due to federal and state governments. 4 - Contributions to employee benefits arising within 180 days before filing 5- General, or unsecured, creditors. Select one: a. 1,4,3,5,2 b. 5,4,1,3,2 c. 4,1.5,3,2 d.5, 1,4,2,3 e. 1,5,4,3,2

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