The limited liability company may elect to be manager managed rather than member managed which means that only authorized members may legally bind the corporation

A list of the accounts and their balances at the end of the period, after journalizing and posting the closing entries, is called ________

A) chart of accounts B) adjusted trial balance C) post-closing trial balance D) pre-closing balance sheet

A Contract must include the purchase price and method of payment, including the amount of earnest money, if any. If no definite purchase price exists, the contract:

A. Purchase price would be established by the lender's appraisal. B. Must clearly established the criteria for calculation of the price. C. Purchase price would be the same as the listing price. D. Purchase price would be established at closing.