Author Question: A limited liability company (LLC) is taxed like a partnership but provides limited liability for its ... (Read 194 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?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library