When the cost of inventory is written down due to a market decline, a loss must be recorded
Indicate whether the statement is true or false
T
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If you use too many modifiers or too strong modifiers in your writing, you
A) will have to support your ideas in more than one paragraph. B) must be sure that your sentences have parallel structure. C) could alienate your reader by appearing overconfident. D) may sound insincere because of exaggeration. E) can control paragraph length by using shorter sentences.
With reference to #37, what would Chevron be liable for?
A) Nothing because Joan owns the property B) The violations of federal law for the fracking operations C) Damage to adjoining property D) Failure to obtain federal permits
If the restrictive work rule of employer restricts action under Section 7, it is a violation of:? A) ?Section 6(a)(1)
B) Section 6(c).? C) Section 9.? D) Section 8(a)(1).
Fiduciary Duty of Directors. In 1978, David Brandt and Dean Somerville incorporated Posilock Puller, Inc (PPI), to make and market bearing pullers. Each received half of the stock. Initially operating out of McHenry, North Dakota, PPI moved to
Cooperstown, North Dakota, in 1984 into a building owned by Somerville. After the move, Brandt's participation in PPI diminished, and Somerville's increased. In 1998, Somerville formed PL MFG as his own business to make components for the bearing pullers and sell the parts to PPI. The start-up costs included a $450,000 loan from Sheyenne Valley Electric Cooperative. PPI executed the loan documents and indorsed the check. The proceeds were deposited into an account for PL MFG, which did not sign a promissory note payable to PPI until 2000. When Brandt learned of PL MFG and the loan, he filed a suit in a North Dakota state court against Somerville, alleging in part a breach of fiduciary duty. What fiduciary duty does a director owe to his or her corporation? What does this duty require? Should the court hold Somerville liable? Why or why not?