Joshua,Rachel,and Daniel Formed an LLC to Manage Their Accounting Business

question 51

Multiple Choice

Joshua,Rachel,and Daniel formed an LLC to manage their accounting business.Joshua contributed $20,000 to the LLC.Rachel and Daniel contributed $40,000 each.A year later,the LLC needed capital injection and Joshua lent a credit of $50,000.However,nothing could save the LLC and it entered bankruptcy and was dissolved.Joshua was the only creditor of the LLC.If a total of $50,000 was obtained after the sale of all the assets of the dissolved LLC,how much will Rachel get?

• A)$0
• B)$10,000
• C)$50,000
• D)$25,000

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Definitions:

Johari Window

A model used to understand and improve self-awareness, interpersonal relationships, and mutual understanding within groups.

Disclosure

The act of revealing personal information to others, which can influence social dynamics and trust building.

Open Area

A space within an organization that is accessible and free from barriers, fostering communication and collaboration.

Recency Effect

A memory bias that favors the recall of the most recently presented information over older information.