Problem

Which of the following is not a liability that has priority in a liquidation? a. Ad...

Which of the following is not a liability that has priority in a liquidation?

a. Administrative expenses incurred in the liquidation.

b. Salary payable of $800 per person owed to 26 employees.

c. Payroll taxes due to the federal government.

d. Advertising expense incurred before the company became insolvent but not recorded until after the order of relief.

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