ANC Plastics has net working capital of $15,400, current assets of $39,200, equity of $46,600, and long-term debt of $22,100. What is the amount of the net fixed assets?

A signed release to substitute a new mortgagor for the original mortgagor is called:

a. A novation b. A mortgagee c. An assumption d. An estoppel certificate

Limited liability companies (LLCs) are treated as artificial persons who can sue or be sued and enter into and enforce contracts

Indicate whether the statement is true or false