The ability to pay bills when due and to meet unexpected needs for cash most closely describes
Question:
a. Cash flow adequacy
b. Long-term solvency
c. Liquidity
d. Profitability
Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...
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c Liquidity means ...View the full answer
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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