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2 years ago

The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies.

1 answer:

3 0

The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.

Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.

It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.

In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.

Hence, the given statement is false.

Learn more about the Securities and Exchange Commission:

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Music is effective at gaining a viewer's attention:a) and increases the retention of information in the ad b) and increasing the

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Answer:

A. And increases the retention of information in the ad

Explanation:

Music in ad is a way of creating awareness which excite the prospective customers, it help to gain their attention and also helps to remember the information of the advert because subconsciously the music plays in their head and as it does , the information about the product keeps coming to them.

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3 years ago

Read 2 more answers

On January 1, 2014, Dodd, Inc., declared a 15% stock dividend on its common stock when the fair value of the common stock was $3

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Answer: $540,000

Explanation:

Given that,

Fair value of the common stock = $30 per share

Common stock, $10 par value, authorized 200,000 shares;

issued and outstanding 120,000 shares = $1,200,000

Additional paid-in capital on common stock = $150,000

Retained earnings = $700,000

Total stockholders' equity = $2,050,000

Declared a dividend of 15%:

= 120,000 × $30 × 15%

= $540,000

Since, dividends are paid out Retained earnings. Therefore, retained earnings will decrease by an amount of $540,000.

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3 years ago

Juan, not a dealer in real property, sold land that he owned. His adjusted basis in the land was $700,000 and it was encumbered

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Answer:

45.45%

Explanation:

The total selling price was $200,000 (paid on the date of the sale) + $900,000 (note received) = $1,100,000

Juan's cost of he land = $700,000 (basis) - $100,000 (mortgage) = $600,000

Juan's profit = $1,100,000 - $600,000

Juan's gross profit percentage = $500,000 / $1,100,000 = 45.45%

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Answer:

The correct answer is: C. larger decrease in total risk.

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