The ending balance of the retained earnings account appears in a. both the statement of stockholders' equity and the balance sheet b. both the statement of stockholders' equity and the statement of cash flows c. only the statement of stockholders' equity d. both the statement of stockholders' equity and the income statement Which of the following is not true of a limited liability company (LLC)? a. combines the attributes of a partnership and a corporation b. often used as an alternative to a partnership C. constitutes 20% of business organizations in the United States d. offers tax and legal liability advantages for owners