Deduce the best possible contractual agreement Kmart Corporation could have used to avoid formal bankruptcy proceedings. Explain your rationale.

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Deduce the best possible contractual agreement Kmart Corporation could have used to avoid formal bankruptcy proceedings. Explain your rationale.At least 1 paragraph please.

The best possible contractual agreement Kmart Corporation could have used to avoid formalbankruptcy proceedings is by merging it with another firm. They could have used either the IFRSor the…

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