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Jumbo Jumpin' Jelly Beans, LLC, Is a Limited Liability Company

Question 54

Multiple Choice

Jumbo Jumpin' Jelly Beans, LLC, is a limited liability company. Unless indi?cated otherwise on Jumbo's federal tax form, the firm will be taxed as


A) a cooperative.
B) a corporation.
C) a joint venture.
D) a partnership.

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