14. A plan of liquidation A) must be written. B) details the steps to be undertaken in carrying out the liquidation. C)...
14. A plan of liquidation
A) must be written.
B) details the steps to be undertaken in carrying out the liquidation.
C) must be a formal plan.
D) must be completed in one year.
Homework Answers
A plan of liqidation
B) details the step to be undertaken in carrying out liquidation.
When Company declared insolvent then Company sell off its assets and pay out its liability and close its bussiness which can say liquidation.
A plan of liquidation is made to describe how and when company should sell assets or pay out liabilities.
Thus, A liquidation plan details the step to be undertakenin carrying out liquidation.
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