keven95101 keven95101

29-02-2020
Business

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Even if a firm's cash flow projections indicate that it will soon be unable to meet its interest payments, a bankruptcy case cannot begin until the firm actually defaults on a scheduled payment.a. Trueb. False

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oreoluwa2001ng oreoluwa2001ng

29-02-2020

Answer: False

Explanation: Bankruptcy begins when a firm is unable to meet scheduled payments on its debt

or when the firm’s cash flow projections indicate that it will soon be unable to meet its payments.

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