When Preparing a Cash Budget,estimating Expenses Using Actual Expenses from Previous

question 55

True/False

When preparing a cash budget,estimating expenses using actual expenses from previous years and by tracking current expenses makes the task easier.

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Definitions:

Limited Liability Company

A business format that links the corporation's limited liability feature with the tax efficiency of pass-through in partnerships or sole proprietorships.

Fiduciary Duties

Obligations of trust and confidence requiring a party to act in the best interests of another party.

Limited Liability Company

A business entity model combining the benefit of limited liability from a corporation with the direct tax advantages of a partnership or sole proprietorship.

Breaching

The act of violating a law, duty, other form of agreement, or trust.