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Author Question: A limited liability company (LLC) is taxed like a partnership but provides limited liability for its ... (Read 193 times)

Zulu123

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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
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kishoreddi

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

TRUE

Answer to Question 2

C


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