Acme' s bank loan must be immediately repaid in full if Acme' s earnings fall below $1 million per year. If Acme has to repay the entire loan immediately, it will have to declare bankruptcy. Acme had seemed safe from bankruptcy, having reported annual earnings of well over $1 million in each year it has had the bank loan. However, Acme has now admitted overstating its earnings for last year, so it will have to declare bankruptcy. The argument requires the assumption that ['Acme would be able to avoid bankruptcy if it did not have to repay the bank loan', 'Acme has other debts besides the bank loan', 'last year is not the only year for which Acme overstated earnings', "Acme's earnings for last year, when accurately stated, are below $1 million"]