Full disclosure of all important facts aids in overcoming the limitations of accounting information

Indicate whether the statement is true or false

True

Business

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Because corporations are operating with leaner budgets, the need for meeting planners is declining.

a. true b. false

Business

Which of the following statements about LLC's is true?

a. LLC's are one of the oldest forms of business organization. b. The profits of LLC's are taxed at the entity level. c. The profits and losses of LLC's pass through to the owners for tax purposes. d. Venture capital funds are the primary investors in LLC's.

Business