Most LLCs accept the default status of being taxed like a partnership instead of electing to be

taxed as a corporation.

Indicate whether the statement is true or false

TRUE

Business

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Which one of the following companies is most likely to use job order costing?

A) a gold refinery B) a law firm C) a surfboard manufacturer D) a soft drink company

Business

The generation of cash budgets and and pro forma financial statements are equivalent ways of forecasting financial needs

Indicate whether the statement is true or false

Business