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Accounting insolvency

• Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.

 
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 Assets
Books
Firm
Insolvent
Liabilities
Net worth
Net
Total assets
 
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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)

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