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Dima020 [189]
3 years ago
12

The Sarbanes-Oxley Act was created in response to corporate accounting scandals in the early 21st century to reform the accounti

ng industry, particularly in regards to auditing and internal controls.
A. True
B. False
Business
1 answer:
Firlakuza [10]3 years ago
5 0

Answer:

The answer is "Option A"

Explanation:

In this Act, the U.S. Congress in 2002 to financing offers against the risk of corporate accounting fraud. To enhance account statements on firms as well as reduce financial crimes, its Sarbanes Oxley Act (SOX) authorized information pertinent.

  • The SOX has been introduced in the early 2000s throughout responding to its accounting irregularities.
  • The Shareholder commitment within financial reports has been shattered by controversies in everything from Enron, Tyco, and WorldCom and a rewrite in regulatory requirements.
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A _____ entity has a primary key that is partially or totally derived from the parent entity in the relationship. A _____ entity
NISA [10]

A weak entity has a primary key that is partially or entirely generated from the relationship's parent entity.

An entity type should contain a key attribute that uniquely identifies each entity in the entity set, although certain entity types do not have a key attribute. These are known as Weak Entities.

Entity sets with insufficient properties to generate a primary key are referred to as weak entity sets, whereas entity sets with a primary key are referred to as strong entity sets. Because the weak entities lack a primary key, they cannot be recognized on their own and must rely on another entity (known as owner entity).

Hence, the correct option is weak entity.

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5 0
2 years ago
this general term describes the wavelike pattern of rising and falling economic activity, consisting of expansions, peaks, contr
jok3333 [9.3K]

A business cycle refers to the  wavelike pattern of rising and falling of economic activity consisting of expansions, peaks, contractions and troughs.

<h3>What is an business cycle?</h3>

It refers to the periodic cycle of an irregular up & down movements in economic activity that is measured by fluctuations in real GDP and other macroeconomic variables.

It is further divided into component from the  booming period to recession period and this is consisting of expansions, peaks, contractions and troughs.

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6 0
2 years ago
A new sports car sells for $40,000. The value of the car decreases by 12% annually. After how many years will it be worth half o
Marysya12 [62]

Answer:

n= 6.11 years

Explanation:

Giving the following information:

Present value= $40,000

Future value= $20,000

Decrease rate= 0.12

<u>To calculate the number of years for the car to reach a value of $20,000; we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

n= ln(20,000/40,000) / ln(1.12)

n= 6.11 years

8 0
3 years ago
Jeans Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters and produces them at fac
Morgarella [4.7K]

Answer: Material Efficiency

Explanation: Material Efficiency is concerned with  the use of physical processes that uses less material to produce higher outputs using recycled materials thereby reducing wastes.

Material efficiency uses the strategy of re-manufacturing and modular manufacturing, reuse and recycling of product components, using less material in product designs and redesigning manufacturing processes to use less energy, less water and less raw materials.

Material efficiency help not only in reducing manufacturing costs but also in reducing wastes and associated costs.

4 0
4 years ago
In December 2017, Quebecor Printing received magazine subscriptions for 2018 from a customer, who paid $220 in cash. What would
sergejj [24]

Answer:

Cash                                                   Debit       $ 220

Subscriptions received in advance  Credit                     $ 220

Explanation:

The most appropriate journal entry would be by debiting cash with $ 220 since cash has been received.

The credit account would be Subscriptions received in advance since the magazines have to be delivered in 2018 and the revenue has not been earned at the time of collections. This would be classified  in the balance sheet under current liabilities.

3 0
4 years ago
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