StartUp Investors, LLC, is a limited liability company without a written operating agreement. Among the mem¬bers, a dispute arises concerning the division of profits. Under most LLC statutes, the profits will be
a. distributed according to the members' proportionate shares of ownership in the firm.
b. divided equally among the members.
c. forfeited to the state.
d. reinvested in the business until the dispute is resolved.
B
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When a corporation declares a small stock dividend, which of the following is false?
A) Cash decreases. B) Total stockholders' equity remains the same. C) The capital stock accounts increase. D) Retained earnings decreases.
Which of the following reports is an example of an analytical report?
A) A report giving the details about a training workshop attended B) A report showing that a public company is in compliance with SEC regulations C) A report describing the new company dress code D) A report recommending one of four building alarm systems
Replevin is an equitable remedy compelling the party in breach to perform the contract according to its terms
Indicate whether the statement is true or false
Does a callable bond exhibit negative or positive convexity?
What will be an ideal response?