Simplify the Expression

question 267

Multiple Choice

Simplify the expression. Work inside parentheses first, and then divide out common factors.

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Definitions:

Limited Liability Company

A legal form of business organization that combines elements of a corporation and a partnership or sole proprietorship, limiting the owners' personal liability.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often seen in corporate dividends.

Owners Called Members

A term typically used in limited liability companies (LLCs) where the owners are referred to as members.

Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets = liabilities + owners' equity.