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In principle, when does a firm become bankrupt? When it is one day late paying a payment to a creditor When a bankruptcy petition is

In principle, when does a firm become bankrupt?

When it is one day late paying a payment to a creditor

When a bankruptcy petition is filed with the court

When its equity value falls to zero

When a lender refuses to lend any additional funds to the firm

When its current ratio is less than one

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