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