Esteban and Florian Want to Form a Limited Liability Company

question 25

Multiple Choice

Esteban and Florian want to form a limited liability company (LLC) to manage their business,Gordian Nuts.LLC statutes have been adopted in

• A)every state.
• B)no state.
• C)less than one-fifth of the states.
• D)only Wyoming.

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Definitions:

Variable Overhead Spending Variance

The difference between the actual and budgeted or standard costs of variable overheads incurred during a period.