CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

In a liquidation of a firm's assets the common shareholders have a claim to what is left after some other parties have been paid. These parties include ______.

I. tax authorities
II. employees
III. suppliers
IV. bondholders
Correct Answer: I, II, III and IV

The claim of common shareholders is called a residual claim.

User Contributed Comments 2

User Comment
janglejuic poor shareholders!
Inaganti6 without risk there is no return they knew what they were getting into
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