How does a limited liability company (LLC) differ from a Subchapter S corporation?
A) An LLC is taxed at a higher rate than a Subchapter S corporation.
B) There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members.
C) An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership.
D) The liability limit for members of an LLC is higher than that for a Subchapter S corporation.
B
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A voucher is usually supported by
a. a supplier's invoice b. a purchase order c. a receiving report d. all of the above
Companies whose securities are sold to the general public must adhere to standards established by the Securities and Exchange Commission
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Assets are either financed through liabilities or equity. 2. The accrual accounting method registers revenues billed when the actual cash is received; and registers expenses as incurred (accrued) but not necessarily as they are paid. 3. The balance sheet allows venture owners to assess how healthy the business is at a point in time. 4. Assets are defined as the tangible property that the venture owns and has accounting value. 5. Current assets represent the most liquid assets of a venture, meaning they can more easily be turned into cash.
Yum! Brands, the owner of KFC and Taco Bell wants to know how much profit the firm generates in each state as well as in each age demographic. What type of analysis would you recommend they use?
A. profitability analysis. B. profitability return on investment. C. revenue analysis. D. market share analysis. E. profit margin.