Is it possible to have great sales, revenue, and net income but be insolvent? Meaning about to

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Is it possible to have great sales, revenue, and net income but be insolvent? Meaning about to file bankruptcy... if so, how and what does it have to do with the statement of cash flow?

Posted Date: Sep 21, 2021 02:47 PM

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Is it possible to have great sales, revenue, and net income but be insolvent? Meaning about to

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You can be insolvent without being bankrupt but you cant be bankrupt without being insolvent Confused yet Many people think of the two as the same thing but they are very different Insolvency is a pro... View the full answer

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