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Triss [41]
3 years ago
10

A limited liability company (LLC) combines the tax characteristics of: a. a partnership with the liability of partners. b. a par

tnership with the liability of a corporation. c. a corporation with the liability of shareholders. d. a corporation with the liability of a partnership.
Business
1 answer:
choli [55]3 years ago
4 0

Answer:

b. a partnership with the liability of a corporation

Explanation:

A limited liability company combines the pass through characteristics of a partnership that allows income to be taxed once with the limited liability of a corporation.

I hope my answer helps you

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Out of the following answers, option A. seems most fitting. Elderly customers would likely want a calm environment where they can work at their own pace. The other options cater to other demographics. So A. would be an appropriate emphasis for Charles' message.

8 0
3 years ago
Read 2 more answers
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to b
uranmaximum [27]

Answer and Explanation:

The journal entry is given below:

Stock dividends Dr $60.00  

         To Common stock  $60.00

(Being the issue of stock dividend is recorded)

Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity

Also the par per share after the split is $1

8 0
3 years ago
At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16
Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0
3 years ago
Which of these are ways to protect yourself against identity theft
Free_Kalibri [48]

Answer:

All of the above except: Don't tell people your dog's name

Explanation:

Hope this helps!

6 0
2 years ago
What is the last account that should be listed in the Post Closing Trial Balance? Group of answer choices Income Summary Capital
Gekata [30.6K]

Answer:

Capital account

Explanation:

The post-closing trial balance is the trial balance that is prepared after recording the closing entries so that the post-closing trial balance could be prepared and plus it would also match the debit sections with the credit sections  so that the financial statements presents the fair view to the users of the accounting

And, while preparing the post-closing trial balance, the capital account always appears in the last                        

8 0
3 years ago
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