Answer:
B. Sarbanes-Oxley
Explanation:
The Sarbanes-oxley act also know as Public company accounting reform and investor protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a US Federal law that cracks down on corporate fraud. The act gave protection to whistleblowers and strengthened the independence and financial literacy of corporate boards.
The Act mandates archiving business documents and relevant internal communication, including e-mail and instant messages to guard against destruction of evidence to impede a federal investigation.
Specifically the fundamental security design principle applies to the control recommendations of the fundamental security principle.
These principles are developed while keeping in mind the security systems and to prevent damages and flaws. and unwanted access to the system.They are designed by security agencies and homeland security.
Fundamental security has several principles that are implemented in the software which control certain recommendations in the design itself, which is easy to update and modify the security patterns and specific tasks. These works both in hardware and software applications.
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Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
- The Board of directors first have to propose a resolution regarding disposition which has to be approved
- Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
- Such approval must be obtained by majority of the votes cast in it's favor.
In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Answer:
Debit: $300
Credit: $300
Explanation:
See attached picture for explanation.
