A company is insolvent when:

Multiple Choice

It is unable to pay debts as the obligations come due.

It is more likely than not that it will not be able to pay debts within a reasonable period of time following the date such obligations become due.

It is unable to timely remit payment on more than two$-$thirds of its outstanding obligations measured on a rolling three$-$month basis.

It is unable to pay debts within $90$ days following the close of the company's reporting year, whether such year is a calendar or fiscal year.

It is in default on one$-$third or more of its outstanding debt obligations.