A(n)________ Refers to a Document That Evidences a Member's Ownership

question 3

Multiple Choice

A(n) ________ refers to a document that evidences a member's ownership interest in an LLC.

• A) certificate of interest
• B) article of organization
• C) statement of interest
• D) article of amendment

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Definitions:

Cash Budget

A financial plan that estimates a company's cash inflows and outflows over a specified period, helping in managing liquidity.

Cash Disbursements

The process of paying out money from a company or individual's cash account, usually including expenses, debt payments, and other financial transactions.

Financing Required

The total amount of money needed to start or expand an enterprise, often reflecting external funding needs to cover projected deficits or investments.

Cash Receipts

Monies received by a business during a specified period from transactions, including sales and services.