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3. Which of the following statements regarding liquidity and profitability is not true? a. If a business...

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Accounting

3. Which of the following statements regarding liquidity andprofitability is not true?

a. If a business is unable to pay its debts as they come due, itis operating unprofitably b. In order to survive in the long run, abusiness must both remain liquid and operate profitably c. Abusiness may operate profitably, yet be unable to meet itsobligations d. A business may be liquid, yet operate unprofitablyfor several years

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Correct answer is Option a If a business is unable to pay its debts as they come due it is operating unprofitably Please hit LIKE button if this helped For any further explanation please put your query in comment will get back    See Answer
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