Which of the following situations is a person who could be insolvent?
A) Assets $50,000; annual expenses $60,000
B) Assets $68,000; net worth $22,000
C) Liabilities $45,000; net worth $6,000
D) Assets $5,000;liabilities $6,000
E) Annual cash inflows$48,000; liabilities $50,000
Correct Answer:
Verified
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