Question:

A director of a limited company may not be liable for wrongful trading if he or she

A.

increased the valuation of its inventories to cover any potential shortfall

B.

brought in some expected sales from next year in to the current year

C.

took every step to minimise the potential loss to creditors

D.

introduce into the balance sheet an asset based on a valuation of its brands sufficient to meet

Answer» c. took every step to minimise the potential loss to creditors