The financial restructuring of a failing firm to attempt to continue operations as a going concern is called a ________________.
A) Merger.
B) repurchase program
C) Liquidation.
D) Reorganization.
E) Divestiture.

Question

Quizplus · Accepted Answer

Reorganization is the process of restructuring a failing firm's financial and operational aspects to continue its operations as a going concern, often involving changes in equity, debt arrangements, and operations to improve financial health.

The Financial Restructuring of a Failing Firm to Attempt to Continue