Which of the following is NOT true about a limited liability company?
a. It is a noncorporate business organization.
b. In most states, an LLC must have at least two members.
c. It may elect not to be a separate taxable entity.
d. An ownership interest may be considered a security.
b
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Answer the following statements true (T) or false (F)
According to IAS 7, interest and dividends received or paid must be classified as financing cash flows.
In the sentence We were hoping for an increase in revenue, the verb were is ____
A) transitive B) intransitive C) linking D) helping
Pola wants to transfer a check to Quin. The check is defective if it
A. has been previously dishonored. B. has no irregularities on its face. C. is not overdue. D. is so complete that no element of negotiability is lacking.
Identify three advantages and three disadvantages of irrevocable living trusts
What will be an ideal response?