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ASVAB · Question #88

ASVAB Question #88: Real Exam Question with Answer & Explanation

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Question

The two members of Hoosiephaffer LLC, a limited liability company, operate their business such that it shows a profit for the year of $63,000. Their LLC operating agreement calls for them to share the profits in the ratio 5:4. How much of the profit should go to the member who gets the larger share?

Options

  • A$35,000
  • B$28,000
  • C$32,000
  • D$36,000

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