Which one of the following is most likely when a firm ceases business and liquidates?

	Equity holders will recover their paid-in capital if the book value of assets is positive.
	Equity holders will recover their paid-in capital if the fair value of assets is positive.
	Equity holders will recover their paid-in capital if retained earnings are positive.
	Equity holders will not recover their paid-in capital if liabilities exceed the fair value of assets.