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Which of the following statements are true?* a) A business whose liabilities are greater than its assets has a bad financial position. b) A business

Which of the following statements are true?*

a) A business whose liabilities are greater than its assets has a bad financial position.

b) A business whose liabilities are greater than its owners equity has a bad financial position.

c) A business whose assets are greater than its owners equity has a bad financial position.

d) a) and b)

e) All the above

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