1. When creating a pro Forma statement, the changes in the liabilities and owners equity sections depend primarily on the firms?
Financing policies
Interest rates and financing policies
Dividend and financing policies
Retained earnings policy
Rate of sales growth2. The owners of a limited liability company prefer
2. Being taxed like a corporation
Have liability exposure similar to that of a sole proprietor
Being taxed personally on all business income
Have liability exposure similar to that of a general partner
Being taxed like a corporation with liability like a partnership