Which of the Following Is True of LLC (Limited Liability

question 78

Multiple Choice

Which of the following is true of LLC (limited liability company) taxation?

• A) An LLC is taxed as a corporation in all general cases.
• B) Income or losses of an LLC do not flow through to the members' individual income tax returns.
• C) Members of an LLC are subject to double taxation.
• D) An LLC is not taxed at the entity level.

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Definitions:

Health Records

Documents containing the medical history, treatments received, diagnostic findings, and care outcomes of a patient.

Documentation

Written entry into the patient's medical record of all pertinent information about him or her. These entries validate the patient's problems and care and exist as a legal record.

Consecutively

occurring in a successive, uninterrupted sequence without gaps or interruptions.

Password

A string of characters used to verify the identity of a user during the access process to a digital system.