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

question 19

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 got 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:

Inspiration

The process of drawing air into the lungs, or a sudden creative idea.

Expiration

The process of exhaling air out of the lungs, a key component of breathing.

ECG

Electrocardiogram, a test that records the electrical activity of the heart to diagnose various heart conditions.

Isoelectric Line

The baseline of an electrocardiogram (ECG) where no electrical activity is detected, indicating a period of cardiac rest.