« previous next »

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
on: Jul 11, 2018
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.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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.

Sample Exercise Program for Limited Older Adults (cont.) Sample Exercise Program for Limited Older Adults (cont.)
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library