A business which has enough assets to meet its liabilities but cannot convert these assets quickly enough to cash is commonly described as
A. Over trading
B. Over invested
C. Technically insolvent
D. Untapped finance
Answer:C
A business which has enough assets to meet its liabilities but cannot convert these assets quickly enough to cash is commonly described as
A. Over trading B. Over invested C. Technically insolvent D. Untapped finance