Which of These Represent Indirect Costs of Financial Distress

Multiple Choice

Which of these represent indirect costs of financial distress?
I.Court fees paid to a bankruptcy court
II.A firm's supplier requiring payment in cash rather than offering its normal credit terms
III.Cost of a manager's time spent renegotiating the terms of a debt to avoid bankruptcy
IV.Loss of a key employee concerned about job security and the future of the firm

A) I and II only
B) III and IV only
C) I,II,and III only
D) II,III,and IV only
E) I,II,III,and IV