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2 years ago

___________ requires that firms in the private sector provide procedures for anonymous reporting of accusations of fraud.

Business

2 answers:

jeka942 years ago

8 0

Answer:

Whistleblowing

Explanation:

Whistle Blowing is an act of reporting fraud or improper acusatiin of wealth or property in an organization. Employee ’s disclosure to company officials, government authorities, or the media of illegal, immoral,or unethical practices committed by an organization.A whistle-blower must weigh a number of issues in deciding whether to come forward for blowing the whistle.Resolving anethical problem within the organization can be more effective,assuming higher-level managers cooperate.

lions [1.4K]2 years ago

7 0

Answer:

Sarbanes-Oxley Act of 2002

Brainliest if possible

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Swifty Corporation records purchases at net amounts. On May 5 Swifty purchased merchandise on account, $85000, terms 2/10, n/30.

Alina [70]

Answer:$5400

Explanation:

In sales merchandise a seller can give a trade or a cash discount. A trade discount is giving based on the volume of sales, while a cash discount is giving to encourage prompt cash payment and it will be accorded the buyer once the conditions of payment is met.

The above scenario is a cash discount which means 2% cash discount will be giving if payment is made whithin 10 days and it should be made within 30 days. The amount of cash discount is there after deducted from the income statement as an expenses, though for the trade discount this is deducted directly to the sales journal.

Swift only return goods of $5400 and this is the amount to be recognized as purchase return.

6 0

2 years ago

By wr

pashok25 [27]

Answer:

C. Liabilities

Explanation:

Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.

Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).

Mathematically, net worth is given by the formula;

$Owner's \; equity = Total \; assets - Total \; liabilities$

Making liabilities the subject of formula, we have;

$Total \; liabilities = Total \; assets - Owner's \; equity$

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.

Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

Hence, Assets minus Owner's Equity is equal to Liabilities.

5 0

2 years ago

A manager who makes a situation more efficient could be described as a(an) leader formulator strategist implementer

Nataliya [291]

The answer is an implementer. A manger who is an implementer not only makes situations more efficient for his workers but also more reliable. A formulator on the other hand is some who innovates. A formulator thinks outside of the box and would often want dramatic results.

8 0

2 years ago

Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the

il63 [147K]

The information is incomplete, but we can assume that the machine was sold at the fifth year for an X amount of money, so we should prepare the journal records. Since we are not given the sales amount, I will just use any number, like $50,000. You can adjust the calculation depending on the exact sales amount.

Explanation:

January 2, Year 1, purchase of machine:

Dr Machinery 144,000

Cr Cash 144,000

January 3, Year 1, additional expenses needed to put machine into service (electric wiring):

Dr Machinery 10,000

Cr Cash 10,000

January 3, Year 1, additional expenses needed to put machine into service (installation):

Dr Machinery 2,000

Cr Cash 2,000

The machine's total cost = $144,000 + $10,000 + $2,000 = $156,000

depreciation expense per year = ($156,000 - salvage value) / 6 years = ($156,000 - $17,280) / 6 = $23,120

Accumulated depreciation during 5 years = $23,120 x 5 = $115,600, carrying value = $156,000 - $115,600 = $40,400

If the machine is sold at $50,000, the journal entries should be:

December 31, year 5, machine is sold:

Dr Cash 50,000

Dr Accumulated depreciation $115,600

Cr Machinery 156,000

Cr Gain on disposal 9,600

Gain on disposal = cash received - carrying value = $50,000 - $40,400 = $9,600

4 0

2 years ago

A key to economic growth and development is to:

denpristay [2]

According to economic theory, productivity is the main key to economic growth, It is, the relation between output over input. Productivity is mainly driven by four components: innovation, including the creation of new technologies: education to spread these new technologies and develop the capacity of the workforce, efficiency to promote the effective and flexible allocation of resources for production in various sectors.

7 0

3 years ago