A U.S. company buys inventory from a supplier in Canada and pays for the inventory in Canadian dollars (CS) The inventory is converted to U.S. dollars on the U.S. company's balance sheet using what s/C$ exchange rate? O a. The rate at the balance sheet date O b. The rate when the inventory was delivered O c. The rate when the inventory was paid for O d. The rate when the inventory is sold to customers Which characteristic does not apply to a limited liability company? O a. Owners cannot include corporations. O b. The company is governed by articles of organization. O c. Professional managers may make day to day decisions. O d. Double taxation of income and dividends is avoided