Answer: The profits would be shared equally
Explanation: This is because
Since there was no agreement stating how profits would be divided,then the applicable state Limited Liability Company statute will rule. Most LLC statutes states that if members do not specify how profits are to be divided, they will be divided equally. As long as no operating agreement or LLC statute addressed the particular issue, the partnership law applys which also indicates that profits should be divided equally among the owners of a firm unless it was specified otherwise.
Answer:
d. 520,000
Explanation:
The computation of the cash flow from operating activities using the indirect method is shown below:
cash flows from operating activities
Net income reported $450,000
Add: depreciation expenses $60,000
Add: Amortization expenses $10,000
Net cash flow provided by operating activity is $520,000
We simply added the above three items so that the correct amount could come
Answer:
$2.07
Explanation:
the complete answer details is found in the attachment below
<span>Two of the many forms of intellectual property right are :
1) copyright laws - this may refer to creative works in the field of literary and arts .
2) patent - includes inventions, which can be a product, a process or a solution to a problem.
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The reason why intellectual property rights provide incentives for innovators in order for them to put value in their works and to encourage people to think highly of research and development. Also, this rights, people will be aware that ideas can be protected; that it can be shared but it cannot be legally taken from them. </span>
Im not even in business and I know it is a balance sheet
