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    Accounting Business Reporting Study Set 1
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    Exam 13: Financing the Business
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    An Entity That Does Not Have Enough Cash to Meet
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An Entity That Does Not Have Enough Cash to Meet

Question 22

Question 22

Multiple Choice

An entity that does not have enough cash to meet its financial obligations as they fall due is said to be:


A) liquid.
B) dissolved.
C) insolvent.
D) wound up.

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