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Author Question: All of the following business organizations provide limited liability to their owners EXCEPT A) ... (Read 73 times)

Awilson837

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on: Jul 11, 2018
All of the following business organizations provide limited liability to their owners EXCEPT
 
  A) limited liability company. B) general partnership.
  C) S-type corporation. D) corporation.

Question 2

On -The-Level Manufacturing buys materials on credit at the start of the month and pays in 60 days. They also sell on credit, bill customers at the beginning of the month, and receive payment 30 days later.
 
  Using Table 6.2, what is the net cash flow from purchases and sales for the month of March?
  A) There is NOT enough information to answer this question.
  B) 40,000
  C) 45,000
  D) -45,000
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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abro1885

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

C
Explanation: C) March pay 40,000 of January purchases, and receives 85,000 from February sales for a net cash flow of 45,000.


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