What are the limits on transfer of ownership interests for an LLC?
What will be an ideal response?
Ans: Most LLC agreements require membership consent to admit new member
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All of Fake Stone's costs and net working capital vary directly with sales. Sales are projected to increase by 3.5 percent. What is the pro forma accounts receivable balance for next year?
A. $1,659.80 B. $1,661.84 C. $1,780.20 D. $1,787.80 E. $1,800.46
M. Camus bought 1000 shares of Oran Co. at $60 per share and 100 shares of Gitane Co. at $40 per share. Both stocks are now worth $50 per share. Both companies have offered to repurchase their shares
If M. Camus would like to have about $5,000 in cash, should he sell the Oran or Gitane? A) Oran, because a tax deduction on the loss will leave him with more than $5,000 and taxes on the capital gain from Gitane would leave him with less than $5,000. B) Gitane because the price is rising. C) He should sell equal amounts of each so that his gains cancel out his losses. D) there is no difference, he makes $5,000 either way.