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3 years ago

To maintain public confidence and trust in the financial reporting of companies is the purpose of

Business

1 answer:

irakobra [83]3 years ago

8 0

Answer:

The answer is: the Sarbanes-Oxley Act of 2002

Explanation:

The Sarbanes-Oxley Act (SOX) was elaborated in response to several high profile corporate scandals involving multinational corporations. The most infamous scandal involved Enron Corporation and Arthur Andersen LLP (one of the five largest accounting corporations in the world).

The SOX set new requirements for all publicly traded corporations (especially their upper management) an public accounting firms. Only some parts of the SOX apply to private companies.

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This video, carl describes paas, a type of cloud computing in which the customer provides the application software and data,

stepan [7]

Cloud computing company provides the information

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3 years ago

A corporation's legal capital:

Fantom [35]

Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

3 0

3 years ago

Read 2 more answers

O of 2 Fill in the Blank Question A discount related to early payment is a

Tasya [4]

is a discount that buyers can receive in exchange

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3 years ago

Problem 7-28 Nonconstant Growth (LO2) Planned Obsolescence has a product that will be in vogue for 3 years, at which point the f

LuckyWell [14K]

Answer:

Po = D1 + D2 + D3

(1 + Ke) (1 + Ke)2 (1 + Ke)3

Po = $12 + $12.50 + $28

(1 + 0.1) (1 + 0.1)2 (1 + 0.1)3

Po = $12 + $12.50 + $28

1.1 (1.1)2 (1.1)3

Po = $10.91 + $10.33 + $21.04

Po = $42.28

Explanation:

The current stock price is a function of future dividends capitalised at the cost of capital of the company of 10% for a period of 3 years.

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3 years ago

IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on

Andrew [12]

The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

brainly.com/question/25965295

#SPJ4

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1 year ago