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    Business
  3. Study Set
    Company Accounting
  4. Exam
    Exam 16: Insolvency and Liquidation
  5. Question
    When a Company Is Unable to Pay Its Debts When
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When a Company Is Unable to Pay Its Debts When

Question 11

Question 11

Multiple Choice

When a company is unable to pay its debts when they fall due and payable, this is referred to as:


A) liquidation.
B) receivership.
C) administration.
D) insolvency.

Correct Answer:

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