Balance sheet insolvency involves having no net assets-with no liabilities that exceed assets. Question 1Select one: True False

Balance sheet insolvency involves having negative net assets-where liabilities exceed assets.Question 5Select one:TrueFalse

Balance sheet solvency involves having negative net assets-where liabilities exceed assets.Question 4Select one:TrueFalse

Cash flow insolvency involves a lack of liquidity to pay debts as they fall due.Question 2Select one:TrueFalse

Insolvency is the inability of a debtor to pay their debt.Question 6Select one:TrueFalse

If your liabilities are greater than the value of your assets you are consideredQuestion 6Select one:A.unstableB.bankruptC.insolventD.unbalanced