Multiple Choice
Al's Automotive is in the process of going through an ABC. After distributing all the fund to any creditor that has a lien on the asset, $20,000 still remains. What will happen to that amount of money next?
A) It will be used to pay all unsecured creditors.
B) It will be used to pay the fees and costs associated with administering the transaction.
C) It will be given back to the Al's Automotive as surplus.
D) It will be given to the state government.
Correct Answer:
Verified
Correct Answer:
Verified
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