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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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