Author Question: Annual reports include _____ that disclose additional information about a firm's operations and ... (Read 20 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
Annual reports include _____ that disclose additional information about a firm's operations and special circumstances that clarify and supplement the numbers reported on the financial statements.
 A) subpoenas
  B) testimonials
  C) notes
  D) future projections

Question 2

With regard to limited-liability companies, which of the following statements is false?
 A) Many experts believe that an LLC is nothing more than an S-corporation.
  B) An LLC can have no more than 100 stockholders.
  C) An LLC avoids double taxation.
  D) An LLC provides limited-liability protection to the personal assets of the owners.
  E) When compared to regular corporations, there are fewer government regulations that apply to LLCs.



zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library