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Which of the following statements is true about a Chapter 7 liquidation? A. Common stockholders typically receive monies during a liquidation. B. Customers will get

Which of the following statements is true about a Chapter 7 liquidation?

A. Common stockholders typically receive monies during a liquidation.

B. Customers will get all their deposit money back before any monies are paid to unsecured creditors.

C. In the priority of claims, state taxes are ahead of general creditors.

D. Secured creditors are behind preferred shareholders in the priority of claims.

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