if you have a cash deficit on your income statement, you are insolvent.\no a. true\no b. false
if you have a cash deficit on your income statement, you are insolvent.\no a. true\no b. false
Answer
Answer:
b. False
Brief Explanations:
A cash deficit on income statement doesn't mean insolvency. Insolvency is about not being able to pay debts, while income statement shows profitability over a period and doesn't directly equate to solvency status.