total liabilities are greater than their total assets

User Generated

nyvfuxn

Business Finance

Description

If an individual’s total liabilities are greater than their total assets, the individual is technically:

A) Risk averse B) Insolvent C) Diversified D) Fully vested

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Explanation & Answer

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B insolvent this simply means that the individual is incapable of paying his obligations since total liabilities are more.

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Anonymous
I was having a hard time with this subject, and this was a great help.

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