A disadvantage of an LLC is that it has a Life

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $925. Fragmental collected the entire $7,400 cash on October 1 and recorded it as unearned revenue.

Typical, day-to-day decision making in a manager-managed llc is performed by

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million.

What are two reasons why private loans are less favorable than federal loans

Kamir and Javon form KJ Corporation, with each receiving 50% of the stock. Kamir contributes equipment with a fair market value of $100,000 and an adjusted basis of $55,000, as well as services with a value of $15,000.

Which resumé tends to be used to cover employment gaps? A. chronological B. functional C. hybrid

Pip owns Great Expectations, a trendy restaurant in Manhattan. He enters into a contract with Estella, who makes and sells pastries. The contract states that Estella will "supply all of Great Expectation's needs" for pastries for the next year.

What should government do with its spending and taxes during a recession

The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 5 years. The company uses a discount rate of 12% in its capital budgeting.

Are there public functions that might benefit from more competition, including competition from private firms?