Answer: The Sarbanes-Oxley Act increases the penalties for corporate wrongdoing. (A)
Explanation:
The Sarbanes-Oxley Act was passed to reduce corporate fraud. The Act led to the creation of the Public Company Accounting Oversight Board which was in charge of overseeing the accounting industry. Protection was given to whistleblowers and giving company loans to executives was banned. Chief executive officers were also held responsible for errors made in accounting audits.
The Sarbanes-Oxley Act was as a result of financial scandals involving publicly traded firms such as WorldCom, Tyco International Plc and Enron Corporation in 2000. The frauds in the companies affected the confidence of investors which eventually led to the Act.
Answer:
The correct answer is option c.
Explanation:
The increase in net exports indicates means there is a surplus in trade. An increase in net exports will lead to a rightward shift in the aggregate demand curve, further causing an increase in output level.
In order to stabilize the output level, the government can reduce the money supply, this will lead to a decline in the amount of money held by people. The supply of loan-able funds will be reduced as well, leading to an increase in the interest rate. As the interest rate rises, borrowing will become expensive so the firms will not get motivated to increase output.
I dont know actually. She shouldnt be racially dividing us thats for sure. Hope this helped
Answer:
a. Materials, 100%; labor, 100%; overhead cost, 40%.
Explanation:
The work in Process have already passed the mark at which Materials and Labor are added, that is the start of its production process so these are both 100% complete. Overheads are 40 % complete, which is the extent of work done on them since they occur evenly.
Answer:
-$7,000
Explanation:
Net loss reported by Jamaal this year from the S corporation:
= Ordinary income - suspended loss from the S corporation
= (40 percent of the S corporation × Ordinary income) - suspended loss from the S corporation
= (40% × $10,000) - $11,000
= $4,000 - $11,000
= -$7,000
Jamaal may deduct the $11000 loss carryover against his debt basis,
which was increased by his $14,000 contribution,
and his $4,000 share of S corporation income.