I am using CPAexcel and wiley test bank. They contradict each other on the definitions of bankruptcy and equity solvency.
CPAexcel:
banruptcy solvency = meet its obligations as they come due
equity solvency = assets meet liabilities
Wiley test bank:
A debtor need only prove that s/he is solvent in the equity sense (i.e., that s/he is paying her/his debts as they mature)
The debtor need not prove that her/his assets exceed her/his liabilities (solvency in the bankruptcy sense).
Which is correct? For those of you using becker, what do they say? Thank you