Which of the following is the condition in which a firm is near bankruptcy?
A) Passive capital structure
B) Active capital structure
C) Financial distress
D) Call position

Question

Quizplus · Accepted Answer

Financial distress is the condition in which a firm is near bankruptcy, indicating a situation where a company cannot meet or has difficulty paying off its financial obligations to its creditors.

Which of the Following Is the Condition in Which a Firm