Which of the Following Statements Is Correct

question 17

Multiple Choice

Which of the following statements is correct?

• A) The number of owners of an LLC is not limited.
• B) If the LLC has three or more corporate characteristics, it will be taxed as a C corporation.
• C) An LLC can elect to be taxed as a C corporation or as a partnership.
• D) Only a. and c.
• E) a., b., and c. are correct.

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Definitions:

Anterior Tibial Artery

The main artery that supplies blood to the anterior portion of the lower leg, originating from the popliteal artery.

Renal Artery

A blood vessel that supplies oxygenated blood to the kidneys.

Suprarenal Artery

Blood vessels that supply blood to the adrenal glands located above the kidneys.

Femoral Artery

A major artery in the thigh that supplies oxygenated blood to the lower part of the body.