Liquidation is a means by which a financially troubled company can continue to operate while its financial affairs are put on a sounder basis. true or false

False

Explanation:

Liquidation refers to the process by which a business is brought to an end  and its assets are distributed among the claimants. It occurs when a company can no longer pay its obligations when due. The company is now said to be insolvent.

Some causes of liquidation in business are:

a lack of knowledge about the business

inadequate income to pay bills and take care of running cost

chronic indebtedness by clients

an extremely competitive market

Hence, when  a financially troubled company is liquidated, the business has officially come to an end. It is not a means to operate for a while in order to build  a sounder financial base

answer; situational irony;