Decentralization
What will be an ideal response?
Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
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Comprehensive income is
a. considered an appropriation of retained earnings when reported in the Stockholders' Equity section of the balance sheet. b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement. c. reporting all items that are not under management's control on the statement of retained earnings. d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
Phone Apps, LLC, is a limited liability company. Among its members, a dispute arises that the operating agreement does not cover. The dispute is governed by?
A. ?the applicable state LLC statute. B. ?the Uniform Limited Liability Company Act. C. ?the principles of partnership law. D. ?the federal LLC statutes.