Members of member-managed LLCs and manager-managed LLCs are the same in which of the following aspects?

a. Control.
b. Fiduciary duty.
c. Liability.
d. Whether the member is an agent of the LLC.


c

Business

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The officers of the corporation generally manage the business and are responsible to the board of directors

a. True b. False Indicate whether the statement is true or false

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Copper Company engaged in the following transactions during April Performed services for cash $215,000 Performed services on credit 168,000 Purchased office supplies on account 56,000 Paid salaries in cash 29,000 Collected on account 42,000 Paid on account 38,000 What is the amount of cash still to be collected?

A) $126,000 B) $341,000 C) $144,000 D) $18,000

Business

Process-costing systems are specifically designed to support costing of mass-produced homogeneous products

Indicate whether the statement is true or false

Business

In GMAC v. Daniels Seymour was found not liable for John's car loan

Indicate whether the statement is true or false

Business