An S Corporation Is Created as an LLC

question 72

True/False

An S corporation is created as an LLC.

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Definitions:

Increasing Rate

A situation where something grows or rises in value at a progressively higher pace over time.

Marginal Cost

The expenditure associated with creating another single unit of a product or service.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, illustrating the per-unit variable cost.

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.