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Kisachek [45]
11 months ago
12

question content area sarbanes-oxley applies to a.publicly held companies b.not-for-profit organizations c.privately held busine

sses d.all of these
Business
1 answer:
IgorLugansk [536]11 months ago
5 0

Sarbanes- oxley applies to publicly held companies.

What is covered under the Sarbanes-Oxley Act?

  • All publicly traded American businesses are covered by the Sarbanes-Oxley Act. any and all wholly-owned subsidiaries operating in the United States.
  • every foreign company with a public listing that conducts business here.

What are the Sarbanes-Oxley Act's fundamental rules?

  • Each corporation is required by Rule 404 to implement efficient financial controls.
  • Financial statements for each company must be personally certified by the CEO and CFO.
  • If they violate the law, these officers could face criminal charges.

Learn more about Sarbanes-Oxley Act

brainly.com/question/28342793

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A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo
astra-53 [7]

Answer:Please find answers in explanation column

Explanation:

1. Journal to record Short term borrowing

Date                 Account title                             Debit                  Credit

Feb. 1, 2018     Cash                                         $400,000

Tax anticipation notes payable                                                   $400,000

2.Journal to record  accrued interest payable on TAN)

Date                 Account title                             Debit                  Credit

Dec. 31, 2018   Expenditures – interest            $3,666.67  

Accrued interest payable                                                            $3,666.67  

Calculation :Accrued interest=  Principal x rate x period (time)

$400,000 x 1% x 11/12= $3,666.67  

3. Journal to record investment in  CD

Date                 Account title                             Debit                  Credit

April 1, 2018       Investments                            $100,000

                            Cash                                                                    $100,000

4.Journal To record redemption of CD with interest

Date                 Account title                             Debit                  Credit

Sept. 30, 2018          Cash                       $100,400

                               Investments                                                    $100,000

Cash Revenues – interest income                                                      $400

Calculation

Accrued Interest

Principal x rate x period (time= )100, 000 x 0.8 %x 6/12)= $400

Cash = Investment + interest= $100,000 + $400 = $100,400

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3 years ago
Which of the following countries experienced a decline in total output from 2000 to 2005?
sattari [20]

Answer: The correct answer is "B. Zimbabwe".

Explanation: GDP growth is crucial for an economy, since an increase in it reflects an increase in economic activity. If economic activity picks up, it means that unemployment tends to decrease and that per capita income increases.

In the case of Zimbabwe, population growth is far superior to GDP growth, therefore this makes economic growth much more difficult since there are more people per capita income is diminished.

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Answer:

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Explanation:

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