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When is a company insolvent? Select the most correct statement. Select one: a. The company is unable to pay its debts as and when they

When is a company insolvent? Select the most correct statement.

Select one:

a. The company is unable to pay its debts as and when they become due and payable

b. Cash flow test indicates insolvency

c. In accordance with CA s 95A

d. None of these options are correct

e. When the directors notice a drop in sales

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