If a company is "in the red," then they are doing very well financially. true false

False. While overall, they may have an increase of income (as compared to previous years), the "in the red" statement means that, compared to the previous year, they had lost money.

For example, the company can be making 130k+ more money as compared to when they are as a start up, but as compared to the previous year, they made a profit of -$13k. This is an example of "in the red", or the losing of money.

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false

explanation:

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