The alter-ego theory can be applied to a corporation but not to a limited liability company.?
Indicate whether the statement is true or false
False
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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a ratio of 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $50,000, and each partner is personally insolvent, Partner Macki will eventually receive cash of
a. $0 b. $10,000 c. $12,000 d. $20,000
Consumers often choose and use brands that have a brand personality consistent with how they see themselves, also known as the ________ self-concept
A) actual B) ideal C) others' D) prohibitive E) suggestive
The following information is available from the Arugula Company: Actual factory overhead $16,800 Actual fixed overhead expenses $ 9,200 Budgeted fixed overhead expenses $ 9,500 Actual hours 3,600 Budgeted hours 3,800 Standard hours allowed 3,500 Standard variable overhead rate per direct labor hour $ 2.25 Assuming that Arugula uses a three-variance analysis of overhead variances, what is the
spending variance? a. $800 favorable b. $800 unfavorable c. $500 favorable d. $500 unfavorable
If Vintage expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue?
Vintage Weaponry is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 40 flintlock muskets per month. Data are as follows:
A) $13,630
B) $24,800
C) $23,200
D) $48,000