The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
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Answer:
warranty expense 10,400 (260,000 x 4%)
warranty liablity 10,400
warranty liability 150
wages payable 50
inventory 100
Explanation:
we recognize the expected warranty expense at the moment of the sale.
Then expenses associate with the warranty will decrease the prevision "warranty liability"
The part used come from the company's inventory
and the wages for work on the product, will have to be paid.
<u>Note: </u>it could be cash directly instead of using wages payable account. But because there is no information about those wages being paid I assume are not.
Answer:
The correct answer to the following question will be Option D (IRB Office).
Explanation:
- By federal, state, and local ordinances, college strategies, or professional ethics, the IRB office enables the MSU processes. IRB board members are allocated incoming application forms, mainly based on the Principal Investigator's College or Department, subject to availability and work load.
- The IRB office's mission is to promote IRB review procedures, provide support to help adherence with relevant federal, local, and state regulations, university processes and procedures, and to protect human subjects, and provide researchers with prompt, client-oriented service.
Therefore, Option D is the right answer.
The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid. Accrual accounting records revenues and expenses when they occur. Generally accepted accounting principles (GAAP) requires accrual accounting.
Answer:
neither in the labor force nor unemployed
Explanation:
Since in the question it is mentioned that the Jai Li lost her job and neither she has not yet started looking for a new job
So according to the Bureau of Labor Statistics she counted as a neither in the labor force nor unemployed because labor force includes the combination of employed people + unemployed people
She does not qualify any of the above criteria
Hence, the last option is correct
