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Kisachek [45]
1 year 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]1 year 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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Select cost information for seacrest enterprises is as follows: 1,000 units of output 5,000 units of output total cost/unit tota
nasty-shy [4]

Answer:

Not sure but I think is B. again not sure

Explanation:

3 0
3 years ago
Read 2 more answers
Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying valu
Brrunno [24]

Answer: A. debit of $3,745 to Premium on Bonds Payable.

Explanation:

The carrying value of the bonds at redemption date is $103,745.

The bonds retired however, had a face value of $100,000.

The company therefore paid a premium on these bonds which is:

= 103,745 - 100,000

= $3,745

This amount will be debited to the Premium on Bonds Payable account.

4 0
3 years ago
Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0
Tatiana [17]

Answer:

See explanation

Explanation:

                       Armstrong Co.

          Multi-step Income Statement

  For the year ended, December 31, 20YY

Sales                                              $755,000

<u>Less: Cost of merchandise sold   (330,000)</u>

Gross Profit                                                    $425,000

Less: Operating expenses

Administrative expenses  $35,000

Selling expenses               $50,000

<em><u>Total operating expenses                               $85,000</u></em>

Income from operation                                 $340,000

Other revenue and expenses:

Rent Revenue                    $25,000

interest expense               ($30,000)

<u>Total other revenues (expenses)                      $(5,000)</u>

Income before taxes                                      $335,000

<u>Less: Income Tax                                                     0</u>

Net Income (loss)                                           $335,000

That is the appropriate way to prepare a multi-step income statement

3 0
3 years ago
You invested $4,500 in a project which gave you a return of 12.5% the 1st year. You were quite happy, but the 2nd year wasn't as
Furkat [3]

Answer:

4.9%

Explanation:

The computation of the annual average rate of return over the three years is shown below:

Given that

Positive return in 1st year is 12.5%

The Negative return in 2nd year is 3.3%

And, the positive return in 3rd year is 5.5%

So, the annual average rate of return is

= (12.5% - 3.3% + 5.5%) ÷ (3 years)

= 4.9%

4 0
3 years ago
Most states do not allow automobile repair shops to hold a customer's car when the customer refuses to pay for repairs already c
Gekata [30.6K]
I will assume this is a true or false question. The statement above is false. Usually, in all states, the automobile repair shops are allowed to hold their client's car until it is fully repaired this is because the physical car should be present in the shop to be able to be repaired. 
5 0
3 years ago
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