Which of the following statements is most likely to least untrue? Question 22Answer a. Legal insolvency occurs when a firm's liabilities exceed the book value of its assets. b. Legal insolvency occurs when a firm's liabilities exceed the fair market value of its assets. c. Technical insolvency arises when a firm is unable to pay its short-term liabilities as they come due. d. Technical insolvency occurs when a firm's liabilities exceed the fair market value of its assets