# FINRA SIE quiz: Liquidation priority

**URL:** <https://talk.achievable.me/t/finra-sie-quiz-liquidation-priority/57>\
**Category:** Uncategorized\
**Created:** [May 29, 2020, 4:44am UTC](https://talk.achievable.me/t/finra-sie-quiz-liquidation-priority/57 "2020-05-29T04:44:17Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Justin](https://talk.achievable.me/user_avatar/talk.achievable.me/justin/32/41_2.png) [@Justin](https://talk.achievable.me/u/Justin)\
**Post date:** [May 29, 2020, 4:44am UTC](https://talk.achievable.me/t/finra-sie-quiz-liquidation-priority/57/1 "2020-05-29T04:44:17Z")

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Which of the following is the correct priority order for liquidation?

**A.** Unpaid wages and taxes, debentures, preferred stock  
**B.** Unpaid wages and taxes, preferred stock, debentures  
**C.** Debentures, preferred stock, unpaid wages and taxes  
**D.** Preferred stock, unpaid wages and taxes, debentures

Answer: _A. Unpaid wages and taxes, debentures, preferred stock_

The priority order for a liquidation of a company is: unpaid wages and taxes, secured bonds, debentures, subordinated debentures, preferred stock, and common stock.

Learn more at [Achievable](https://app.achievable.me/study/finra-sie/learn/common-stock-rights-of-common-stockholders-rights-to-assets-upon-dissolution-of-the-company)

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**Author:** ![Justin](https://talk.achievable.me/user_avatar/talk.achievable.me/justin/32/41_2.png) [@Justin](https://talk.achievable.me/u/Justin)\
**Post date:** [May 29, 2020, 4:44am UTC](https://talk.achievable.me/t/finra-sie-quiz-liquidation-priority/57/2 "2020-05-29T04:44:31Z")

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**Author:** ![Justin](https://talk.achievable.me/user_avatar/talk.achievable.me/justin/32/41_2.png) [@Justin](https://talk.achievable.me/u/Justin)\
**Post date:** [July 28, 2020, 4:41am UTC](https://talk.achievable.me/t/finra-sie-quiz-liquidation-priority/57/3 "2020-07-28T04:41:02Z")

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