<u>Data analytics</u><u>, llc, is a limited liability company. unless the articles of organization specify otherwise, it will most likely be assumed that the firm is </u><u>manager-managed.</u>
<u>What is a limited liability company LLC ?</u>
- A limited liability company (LLC) is a type of business structure that combines the traits of corporations and partnerships.
- It has TWO PRIMARY FEATURES: (1) the shareholders of corporations are granted limited liability; AND. (2) The tax treatment of a partnership.
What advantage does the LLC form of business ownership offer ?
- An LLC offers both the limited liability of a corporation and the tax status of a partnership.
- Benefits: LLCs are more flexible and let non-resident aliens, partnerships, and corporations join.
What is one benefit of a limited liability company over a corporation?
- The limited liability protection that the name suggests is an LLC's main advantage.
- An owner's personal assets may be protected from business debts and lawsuits asserted against the company if they operate through an LLC.
Learn more about limited liability company
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Answer: Wages account debit
Wages payable account credit
Explanation:
Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.
In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.
Answer:
the answer is personal income
Answer:
C. Father and his 35-year-old son investing in separate account.
Explanation:
Quantity discount when offered relates to one particular account, and not multiple accounts at a time.
In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.
As in the given options,
Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.
Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.
Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.
