true or false questions

Uab x A2 AY Styles Styles Dictate AT Pane 18) A limited liability company offers the limited liability of a corporation and the tax treatment of a partnership or proprietorship. Answer: 19) The Securities and Exchange Commission (SEC) is a U.S. government agency that oversees proper use of GAAP by companies that sell stock and debt to the public. Answer: 20) The four common forms of business ownership include sole proprietorship, partnership, limited liability company (LLC), and corporation. Answer: 21) The three major types of business activities are operating, financing, and investing. Answer: 22) Financing activities provide the resources organizations use to pay for resources such as land, buildings, and equipment. Answer: 23) Investing activities include long-term borrowing and repaying of cash from lenders. Answer: 24) Investing activities are the acquiring and disposing of resources that an organization uses to acquire and sell its products or services. Answer: 25) Revenues are increases in equity (via net income) from a company's sales of products and services to customers. Answer 26) Net income occurs when revenues exceed expenses. Answer: 27) Liabilities are owners' claims on assets. Answer: 2304 words English (United States) Focus Uab x A2 AY Styles Styles Dictate AT Pane 18) A limited liability company offers the limited liability of a corporation and the tax treatment of a partnership or proprietorship. Answer: 19) The Securities and Exchange Commission (SEC) is a U.S. government agency that oversees proper use of GAAP by companies that sell stock and debt to the public. Answer: 20) The four common forms of business ownership include sole proprietorship, partnership, limited liability company (LLC), and corporation. Answer: 21) The three major types of business activities are operating, financing, and investing. Answer: 22) Financing activities provide the resources organizations use to pay for resources such as land, buildings, and equipment. Answer: 23) Investing activities include long-term borrowing and repaying of cash from lenders. Answer: 24) Investing activities are the acquiring and disposing of resources that an organization uses to acquire and sell its products or services. Answer: 25) Revenues are increases in equity (via net income) from a company's sales of products and services to customers. Answer 26) Net income occurs when revenues exceed expenses. Answer: 27) Liabilities are owners' claims on assets. Answer: 2304 words English (United States) Focus