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Valentin [98]
4 years ago
9

The cases of Enron and Bernard Madoff go beyond a question of ethics because in both cases ________. no harm was intended and th

ey had good reasons for what they did billions of dollars were involved many people were hurt laws were clearly broken
Business
2 answers:
Triss [41]4 years ago
4 0

Answer:

laws were clearly broken

Mariana [72]4 years ago
4 0

Answer:

The correct answer is letter "D": laws were clearly broken.

Explanation:

The Enron Corporation was an American energy company that filed for bankruptcy in 2001 due to audit failure. <em>Enron's Financial Statements had been manipulated</em>.

Bernard L. Madoff Investment Securities LLC, a company founded by Bernie Madoff who was the former chairman of the National Association of Securities Dealers Automated Quotations (NASDAQ), was an entity that <em>benefited from its investors' pools of money</em>. In 2009, Madoff was arrested and found guilty in 11 federal crimes.

In both cases, laws were broken.

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A typical registration statement filed with the SEC includes: (select all that apply) a. Any pending lawsuits or special risk fa
madam [21]

A typical registration statement filed with the SEC does not include -(a) Any pending lawsuits or special risk factors  (b)  Any past settlement offers

Explanation:

A typical registration statement filed with the SEC includes:

1. The securities offered for sale

2. The corporation's properties and business

3. The management of the corporation, including managerial compensation, stock options, pensions, and other benefits

4. how the corporation intends to use the proceeds of the sale

5. any pending lawsuits or special risk factors

A typical registration statement filed with the SEC does not include -(a) Any pending lawsuits or special risk factors  (b)  Any past settlement offers

5 0
3 years ago
Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $2
Andrews [41]

Answer:

Explanation:

The accounting equation is presented below:

Particulars       Assets   =               Liabilities   =             Stockholders equity  

                        Cash     Supplies          Account payable              Retained earnings

1. Service

Performed       $20,000                                                                    $20,000

2. Supplies

Purchased                       $4,000             $4,000

3. Supplies

Used                              -$3,000                                                         -$3,000

Total               $20,000  $1,000              $4,000                               $17,000

6 0
3 years ago
If you injure yourself bungee jumping and sue the bungee jumping company, what might the bungee company claim in defense?
Digiron [165]
<span>The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.</span>
4 0
4 years ago
Provincial Inc. reported the following before-tax income statement items:Operating income $ 600,000Loss on discontinued operatio
-Dominant- [34]

Answer:

Option (A) $180,000

Explanation:

The amount of income tax expense has to be reported by the provincial is shown as  

$600,000 × 30% = $180,000

Income tax benefits of ($100,000 × 30% = $30,000) should be disclosed separately in the discontinued operations section of income statement.

Therefore, the correct answer is option (A) $ 180,000.  

8 0
4 years ago
As a company manager for Claimstat corporation, there is a 0.40 probability that you will be promoted this year. There is a 0.72
kipiarov [429]

Answer:

(1) If you get a promotion, what is the probability that you will also get a raise?

25% or 0.25

(2) Are getting a raise and being promoted independent events? Explain using probabilities.

yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.

(3) Are these two events mutually exclusive? Explain using probabilities.

No they are not, again the probability of getting both a raise and a promotion is 25%.  

3 0
3 years ago
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