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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (218774)2/11/2005 10:11:30 AM
From: Elroy  Read Replies (1) of 1574268
 
Bankruptcy = when liabilities exceed market value of assets

I'll post the proof that your definition is wrong again, just for clarity's sake:
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Qwest has liabilities greater than its assets, because it has a negative stockholders equity. Here's a link to the release

www4.qwest.com

Assets = $24.926 billion
Liabilities = $27.403 billion
Shareholders Equity = -$2.477 billion

Qwest is neither insolvent, nor bankrupt! Ergo, you be wrong!
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