Member has power but may not have right to __________ from the LLC at any time.
Fill in the blank(s) with the appropriate word(s).
Ans: dissociate
Business
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A customer's check for $1,270 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check?
A) Accounts Receivable 1,270 Cash 1,270 B) Cash 1,270 Sales Revenue 1,270 C) NSF Check 1,270 Cash 1,270 D) Accounts Payable 1,270 Cash 1,270
Business
The cash paid for the purchase of equipment will typically be shown in the investing activities section of the statement of cash flows
Indicate whether the statement is true or false
Business