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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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If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t
lbvjy [14]
<span>1/1-MPC = 10,MPC=9/10</span>
4 0
3 years ago
PromptMichael and Johnny are sitting at a bar having a few beers. Michael is a product engineer and Johnny is an electrical engi
larisa86 [58]

Answer:

No, there was no arrangement of any kind. It was either a common idea or a notion that Johnny shared with Michael.

Explanation:

There are a range of contracts or agreements, depending on the stage of the implementation of the concept of the invention, to safeguard the rights of the various stakeholders to the intellectual property of modern, concrete and original concepts and also to prevent any misuse or misappropriation of the concept, as follows-

  • Non-disclosure policy on confidentiality.
  • Non-compete agreement on the non-appeal of product rights by the recipient or listener of the definition.
  • Function on the contract of hire-employed if there is a co-inventor against any fraud.

And, in that case, there were none of the above agreements.

-In addition, ideas can not be covered solely until they are an Express that is real, original, and feasible. Since copyright protects speech and patents against inventions, the mere concept or idea of a product can not guarantee any legal right to design.

In fact, Mr. Johnny had not previously submitted a provisional patent application to defend his concept. It plays an important role in certain countries, such as the US, where the applicant can protect his idea on a provisional basis for up to one year by enabling his idea to be classified as 'patent pending.'

So, according to the above statements & evidence, Johnny did not have the legal right to the definition, but Michael did.

-Yeah, this is a breach of intellectual property rights. Since the term or idea was not Michael's own, it was taken from Johnny. But Johnny did not have the intellectual property right lodged to sue Michael due to lack of facts, i.e. an agreement signed by Michael against non-disclosure or non-competition.

4 0
3 years ago
Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and prepar
miss Akunina [59]

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

  • Been confident, have a good poised, and been professional.

<h3>What is a personal commercial?</h3>

Others are:

  • Greet by saying: Hello, my name is (name).
  • State your Goal, Interest and also your passion and others kind of attributes that can set you apart from others.

A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good  personal commercial.

Learn more about Commercial from

brainly.com/question/3837126

#SPJ1

6 0
2 years ago
BE18.8 (LO 2) Presented below are three revenue recognition situations. a. Groupo sells goods to MTN for $1,000,000, payment due
dem82 [27]

Answer:

a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.

  • transaction price = $1,000,000
  • revenue recognized once the goods are delivered

No journal entry is required until goods are delivered and accepted.

b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.

  • transaction price = $800,000
  • revenue recognized immediately since goods were already delivered

The journal entry:

Dr Accounts receivable 800,000

    Cr Sales revenue 800,000

c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.

  • transaction price = $480,000
  • revenue recognized immediately since goods were already delivered

The journal entry:

Dr Notes receivable 500,000

    Cr Sales revenue 480,000

    Cr Discount on notes receivable 20,000

8 0
3 years ago
An increase in the costs of resources or inputs of production would shift the ________.
nadya68 [22]

Answer:

C. short-run aggregate supply curve leftward

Explanation:

When the cost of production or inputs of production increase the short run supply curve shifts left because the producers are now willing to sell less at the same price because it is more expensive for them to produce, so at every price the production decreases because of which the supply curve shifts left. The long run supply curve isn't affected by an increase in costs of resources because it is the potential of the economy and an increase in costs of does not change the potential of the economy.

5 0
2 years ago
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