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21 June, 04:44

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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  1. 21 June, 06:44
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    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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