LLCs are legal entities apart from ______________ like corporations.

Creditors will often not extend credit to small companies unless the __________________ assume personal liability, as guarantors, for corporate obligations.

Fill in the blank(s) with the appropriate word(s).

Raedy Corporation reported the following equity section on its current balance sheet

The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337,000 shares authorized, 157,000 shares issued and outstanding $785,000 Paid-In Capital in Excess of Par-Common 140,000 Retained Earnings 301,000 Total Stockholders' Equity $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? A) 280,000 B) 314,000 C) 297,000 D) 140,000