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lina2011 [118]
1 year ago
13

The sarbanes-oxley act of 2002 requires companies and their independent accountants to _____

Business
1 answer:
barxatty [35]1 year ago
5 0

To disclose accurate and reliable accounting financial information in its reports.

<h3>What is the purpose of the Sarbanes-Oxley Act of 2002?</h3>
  • The Sarbanes-Oxley Act (SOX) is a federal act passed in 2002 with bipartisan congressional support to improve auditing and public disclosure in response to several accounting scandals in the early-2000s.
  • It established requirements related to "corporate responsibility" to make executives take responsibility for the accuracy of financial reporting (including a requirement for certification by the entity's "principal officers") and to make it illegal for management to improperly influence the conduct of an audit

To learn more about the Sarbanes-Oxley act of 2002, refer

to brainly.com/question/25922327

#SPJ4

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at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, an
Katarina [22]

Explanation:

you would have 5000

i hope i help you

7 0
3 years ago
1. Classify the following cash flows as either operating (O), investing (I), or financing (F) activities. a) _____ Sold long-ter
Serjik [45]

Answer:

  • a) _F_ Sold long-term investments for cash.
  • b) _(O)_ Received cash payments from customers.
  • c) _(O)_ Paid cash for wages and salaries.
  • d) _(O)_ Purchased inventories for cash.
  • e) (F)_ Paid cash dividends.
  • f) _(F)_ Issued common stock for cash.
  • g) _(O)_ Received cash interest on a note.
  • h) _(O)_ Paid cash interest on outstanding notes.
  • i) _(I)_ Received cash from sale of land at a loss.
  • j) _(O)_ Paid cash for property taxes on building.

Explanation:

  • a) _F_ Sold long-term investments for cash.
  • e) (F)_ Paid cash dividends.
  • f) _(F)_ Issued common stock for cash.

Financial Decision are those what are needed to planning the new financial needs, it's necessary to decide the various scources in the capital mix of the firm.

  • b) _(O)_ Received cash payments from customers.
  • c) _(O)_ Paid cash for wages and salaries.
  • d) _(O)_ Purchased inventories for cash.
  • g) _(O)_ Received cash interest on a note.
  • h) _(O)_ Paid cash interest on outstanding notes.
  • j) _(O)_ Paid cash for property taxes on building.

The operatives decision are related to the organization of the business, which things buys and how to pay it, the managment of stock, accounts receivables / payables

  • i) _(I)_ Received cash from sale of land at a loss.

The Investment decision are related to how managed the assets of the company, it includes the amount of assets and composition, these decision are a cost and in a limited quantity.

6 0
4 years ago
Tracy and Brett are married. Their current assets $9,243 Their current liabilities $6,921 Their monthly nondiscretionary expense
katen-ka-za [31]

Answer:

1.3355

Explanation:

Current ratio = cash + cash equivalents ÷ current liabilities =$9,243 ÷ $6,921 =1.3355

Hope this helps & plz mark brainiest

5 0
4 years ago
Adieu Enterprises, based in Toronto, decides to expand into the South American market. To do so, it establishes a separate opera
Ilia_Sergeevich [38]

Answer:

The statement is: True.

Explanation:

A wholly-owned subsidiary is a corporation with a common stock owned by another company at one hundred percent (100%). When a company owns less than fifty percent (50%) of another company, the company holds a minority interest in it. The parent company will control all development, management, and profits with a wholly-owned subsidiary but it also shares costs and responsibilities.

8 0
3 years ago
SBD Phone Company sells its waterproof phone case for $108 per unit. Fixed costs total $227,000, and variable costs are $48 per
Bond [772]

Answer:

unit required = 7175 units

Explanation:

given data

sells phone case = $108 per unit

Fixed costs total =  $227,000

variable costs = $48 per unit

pretax income = $203,500

solution

we get here first Contribution Per Unit that is

Contribution Per Unit = sells phone case - variable costs    .............1

Contribution Per Unit = $108  - $48

Contribution Per Unit = $60

so here units of product required is

unit required = \frac{pre\ tax\ income+ fixed\ cost}{Contribution\ Per\ Unit}    ....................2

put here value

unit required = \frac{203500+227000}{60}  

unit required = 7175 units

3 0
3 years ago
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