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Business, 24.09.2019 02:30 FailingstudentXD
Toby and keith are planning to create and jointly own a company that will license their patented technology solely for royalties and will not create their own products for sale. earnings would be distributed to these two owners, rather than retained to grow the business with the view toward selling it or taking it public. these investors want limited liability and do not anticipate raising capital from any other investors. the most suitable form of entity is a: a. c corporation. b. s corporationc. limited liability companyd. limited partnership
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Business, 23.06.2019 03:00, marvin07
On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses. the book value of the partnership equity (i. e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000
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