The Internal Revenue Service classifies each limited liability company (LLC) based on the tax treatment the company selects.
Answer the following statement true (T) or false (F)
True
The Internal Revenue Service doesn't track LLC information separately. Instead, it classifies each LLC based on the tax treatment the company selects. See 6-1: Business Ownership Options: The Big Four
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One advantage of social media is that it delivers content and facilitates interactive communication.
Answer the following statement true (T) or false (F)
Coaching-being trained by a superior or a consultant-is usually the most effective and direct way to develop managers.
Answer the following statement true (T) or false (F)
The fair value method is used to account for available-for-sale investments because they are normally sold in the near future at their current market value
Indicate whether the statement is true or false
Avalanche operates as a strategic business unit (SBU) under Snowfall Inc., a home-furnishings manufacturer. From this information, it may be reasonable to infer that
A. Avalanche is dependent on the other SBUs in Snowfall Inc. B. Avalanche does not have its own profit and loss responsibility. C. Avalanche is led by its own CEO (or equivalent general manager). D. Avalanche has a matrix organizational structure.