In the Event of a Firm's Liquidation,the Order in Which

Multiple Choice

In the event of a firm's liquidation,the order in which claimholders are paid off is

A) debtholders,common stockholders,preferred stockholders
B) common stockholders,preferred stockholders,debtholders
C) debtholders,preferred stockholders,common stockholders
D) common stockholders,debtholders,preferred stockholders