Author Question: A limited liability company (LLC) is taxed like a partnership but provides limited liability for its ... (Read 179 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
A limited liability company (LLC) is taxed like a partnership but provides limited liability for its
  owners, similar to a corporation.
 
  Indicate whether the statement is true or false

Question 2

The current ratio of a firm would equal its quick ratio whenever
 
  A) the firm's current ratio is equal to one.
  B) the firm's inventory is equal to its current liabilities.
  C) the firm has no inventory.
  D) the firm's inventory is equal to its other current assets.


kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Answer to Question 1

TRUE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library