________________: Leader makes no decisions; results in negative attitudes, lower performance

Powderhouse, Inc has two processes—Coloring Department and Mixing Department

The company sold 2,000 gallons of paint for $220,000, of which $150,000 was sold on account. The total cost of processing was $385,000 for 5,500 gallons of paint. What are the journal entries to record a sale if the company follows a process costing system? What will be an ideal response

The advantage of a limited liability company is

A. Informal organizational procedures. B. Unlimited liability only for members that actively participate in management. C. Each member's receipt of an equal share of profits. D. Tax status as a pass-through entity.