The duty of care for managers and members includes the duty not to usurp the LLC's opportunities.
Answer the following statement true (T) or false (F)
False
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Jordan and Liz are arguing over which restaurant to choose for their dinner date Saturday night. Jordan blames Liz, stating, “You never care about my opinion.” Liz rolls her eyes at his statement and retorts, “I just don’t like the food at the restaurants you choose!” Which part of the communication is considered nonverbal communication?
a. Liz rolling her eyes b. Jordan’s statement that “you never care about my opinion” c. Liz saying, “I just don’t like the food at the restaurants you choose!” d. the argument itself
Disclosure of a retrospective adjustment should include
A) why the new principle is preferable. B) the net impact on assets of the retrospective adjustment. C) the retrospective computation of earnings per share only for the current period. D) ending balance in Retained Earnings before and after the retrospective adjustment.
An auditor is not required to tell the reader of an audit report when there has been a change in accounting principles that materially affects the financial statements
a. True b. False Indicate whether the statement is true or false
Information relating to direct labor for the McGill Company follow: Actual direct labor hours 5,600 Standard direct labor hours 5,400 Total direct labor per payroll $53,200 Standard labor rate per hour $9.00 The entry to record the direct labor cost is:
a. Work in process 53,200 Labor rate variance 2,800 Labor efficiency variance 1,800 Payroll 48,600 b. Work in process 50,400 Labor rate variance 2,800 Payroll 53,200 . c. Work in process 48,600 Labor rate variance 2,800 Labor efficiency variance 1,800 Payroll 53,200 d. Work in process 51,400 Labor efficiency variance 1,800 Payroll 53,200