Answered: Which of the following does NOT apply…

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Accounting

Which of the following does NOT apply to an LLC?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 9MCQ

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Question

Which of the following does NOT apply to an LLC?

(a) The owner's assets are sheltered from personal liability.

(b) They are limited to 100 members.

(d) They can choose to be a pass-through entity.

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