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hi, pls ans questions 6-10, thanks! preferred stock is stock whose unpaid dividends accrue and are paid when earnings become available. a. Cumulative b. Convertible

hi, pls ans questions 6-10, thanks! image text in transcribed
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preferred stock is stock whose unpaid dividends accrue and are paid when earnings become available. a. Cumulative b. Convertible c. Participating d. Non-participating estion 7 (2.5 points) A business entity practicing the "passthrough" principle a. Delegates duties of the business to a subcontractor b. Conducts high risk activities through a subsidiary c. Avoids double taxation d. Assigns assets of the business to a receiver uestion 8 (2.5 points) The following apply to an LLC EXCEPT: a. The LLC shields the owners of the LLC from all company debts. b. The general partnership files only an informational return with the IRS. c. The LLC income is not subject to taxation. d. The LLC files an LLC tax return with the IRS. Question 9 ( 2.5 points) The following are personal liability risks of an LLC member EXCEPT: a. The member volunteers to assume personal responsibility for a loan made to the LLC. b. The member consistently votes against decisions that are ultimately approved by the majority of other members of the LLC c. In the name of the LLC, the member secretly loans money to a close friend. d. The member knowingly files a false tax return with the IRS. Question 10 ( 2.5 points) Which of the following is considered an advantage of doing business as an LLC? a. Members of the LLC may lawfully avoid filing personal tax returns with the IRS. b. The LLC can function much like a general partnership, while avoiding many of the risks of a general partnership. c. All members have full voting rights, regardless of their capital contribution. d. There is no financial risk to the partners

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