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When is a company insolvent? Select the most correct statement. Select one: a. When the directors notice a drop in sales b. The company is

When is a company insolvent? Select the most correct statement. Select one: a. When the directors notice a drop in sales b. The company is unable to pay its debts as and when they become due and payable c. Cash flow test indicates insolvency d. None of these options are correct e. In accordance with CA s 95A

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