Distributional Interest Refers to a Member's Ownership Interest in an LLC

question 16

True/False

Distributional interest refers to a member's ownership interest in an LLC (limited liability company).

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Definitions:

Bond Payable

A long-term liability where a borrower agrees to pay the bondholder the principal plus interest on a specified date.

Straight-Line Method

A method of calculating depreciation of an asset that evenly spreads the cost over its useful life.

Bond Interest Expense

The cost associated with the interest payments on an issuer's bonds payable.

Straight-Line Method

A method of calculating depreciation of an asset that allocates an equal portion of the asset's cost to each year of its useful life.