Suppose the Operating Agreement of an LLC Insists That All

question 30

Multiple Choice

Suppose the operating agreement of an LLC insists that all investors receive their pro rata share of all cash flows when a property is liquidated from the portfolio. If all 15 investors contributed an equal amount of equity in establishing the LLC, each investor should receive how much from the liquidation of a property valued at $3,500,000.

• A) $233,333
• B) $350,000
• C) $3,500,000
• D) $52,500,000

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Definitions:

Modern Racism

A form of racism that is subtler than overt expressions, often manifesting through biases and systemic inequalities in contemporary society.

Blackface

A controversial practice where individuals paint their faces black to caricature people of African descent, historically used in theater, now considered offensive and racist.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, responsibilities, and relationships.

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The profession of gathering, assessing, creating, and presenting news and information to the public.