The owners of a limited liability company are known as which of the following?

A. Partners.
B. Members.
C. Stockholders.
D. Shareholders.

Answer: B. Members.

Business

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Budgeting is the process of identifying, gathering, summarizing, and communicating financial and nonfinancial information about an organization's future activities

Indicate whether the statement is true or false

Business

Which of the following statements regarding a company's operating activities is true?

A) Revenues decrease stockholders' equity B) Expenses increase stockholders' equity C) Expenses decrease stockholders' equity D) Dividends decrease assets

Business