Some states provide that in the absence of an agreement to the contrary each member of a limited liability company has one vote.
Answer the following statement true (T) or false (F)
True
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Addison Company experienced an accounting event that affected its financial statements as indicated below:Assets=Liab.+Equity Rev.?Exp.=Net Inc. ? Stmt ofCash Flows+ NA + + NA + NAWhich of the following accounting events could have caused these effects on Addison's statements?
A. Issued common stock B. Collected cash from customers in partial settlement of its accounts receivable. C. Earned revenue on account D. Earned cash revenue
What are poison pills?
A. They are defensive provisions that kick in should a buyer reach a certain level of share ownership. B. They are unspecified conditions in the contract between stakeholders in an organization. C. Companies use them in a bid to perform a hostile takeover of competing firms. D. Shareholders use them to prevent the founder of a company from taking the company private through a leveraged buyout.
Good faith and fair dealing are not important in terminating a franchise relationship
Indicate whether the statement is true or false
Risks ordinarily assumed in business constitute consideration for the modification of a contract.
Answer the following statement true (T) or false (F)