Which of the following are required by the Sarbanes-Oxley Act?

Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it rep

andreev551 [17]

Answer:

EQUITY AND LIABILITIES

EQUITY

Retained earnings $ 41,563

Preferred stock $ 8,485

Common stock - Issued $ 8,743

Treasury stock $ 2,450

Share Premium $ 52,878

Total Equity $114,119

Explanation:

The the stockholders’ equity section of the balance sheet shows the amount of capital invested by the shareholders in the business as well as the reserves that have been allocated to them.

8 0

3 years ago

Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the

Alexeev081 [22]

Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

Interest income $12,960

Salon sales and revenue 87,460

Salaries paid to beauticians 45,820

Beauty salon supplies 23,510

Alimony paid to her ex-husband, Rocky 6,550

Rental revenue from apartment building 33,200

Depreciation on apartment building 13,450

Real estate taxes paid on apartment building 11,540

Real estate taxes paid on personal residence 6,560

Contributions to charity 4,600

Required:

Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

Interest income $12,960

Salon sales and revenue 87,460

Salaries paid to beauticians 45,820

Beauty salon supplies 23,510

Alimony paid to her ex-husband, Rocky 6,550

Rental revenue from apartment building 33,200

Depreciation on apartment building 13,450

Real estate taxes paid on apartment building 11,540

Real estate taxes paid on personal residence 6,560

Contributions to charity 4,600

Required:

Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

Interest income $12,960

Salon sales and revenue 87,460

Salaries paid to beauticians 45,820

Beauty salon supplies 23,510

Alimony paid to her ex-husband, Rocky 6,550

Rental revenue from apartment building 33,200

Depreciation on apartment building 13,450

Real estate taxes paid on apartment building 11,540

Real estate taxes paid on personal residence 6,560

Contributions to charity 4,600

Required:

Determine the Betty's AGI value

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8 0

3 years ago

Which is not an inefficiency caused by binding price ceilings? illegal activity inefficient allocation to consumers wasted resou

stiv31 [10]

Answer: inefficient allocation of sales among sellers

Explanation:

A binding price ceiling is one in which the government imposes a legal minimum price that can be charged for a good, when the equilibrium price is below it. The ceiling creates a shortage in the market which leads to illegal activities, wasted resources and inefficient allocation to consumers.

However, it does not lead to inefficient allocation of sales among sellers.

4 0

3 years ago

Collusion is A. necessary for firms to raise money by borrowing from investors or from banks in order to fund research and devel

grigory [225]

Answer:

The correct answer is the option C: an agreement among firms to charge the same price or otherwise not to compete.

Explanation:

To begin with, the name of "collusion" refers to an economy concept that focus on the situation where two or more companies decide to work together ilegally by taking a same strategy such as pricing the goods with a same amount so in that order the limit or at least intent to restrict the competion so in that way those firms can keep a piece of the market for themselves. It is consider ilegally in the countries because it is an disadvantage for the competition.

4 0

3 years ago

If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will hap

Nady [450]

Answer:

Marginal utility of the additional units will turn negative

Explanation:

As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.

The diminish return theory state that:

The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it

4 0

3 years ago