Which of the Following Statements Is Incorrect

question 129

Multiple Choice

Which of the following statements is incorrect?

• 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 incorrect.

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Definitions:

Snowfall

The amount of snow that falls in a specific area during a specific time period.

Normal Model

A statistical model, also known as the normal distribution or bell curve, describing how real-world data tends to be distributed around a mean value.

Snowfall

Precipitation in the form of flakes of crystalline water ice, falling from clouds.

Z

A statistical value representing the number of standard deviations a data point is from the mean in a standard normal distribution.