A firm is said to be ____ if it is unable to meet its current obligations.
A) cash insolvent
B) bankrupt
C) free cash challenged
D) technically insolvent

Name: A firm is said to be ____ if it is unable to meet its current obligations. A) cash insolvent B) bankrupt C) free cash challenged D) technically insolvent
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Question

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A firm is technically insolvent when it cannot meet its current obligations as they come due, even if it has assets that exceed its liabilities.

A Firm Is Said to Be ____ If It Is