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pav-90 [236]
3 years ago
14

Which of the following is not a key element of the Sarbanes Oxley Act to improve corporate governance?a) The establishment of th

e Public Company Accounting Oversight Boardb) Requiring a company’s annual report to contain an internal control report that includes management’s opinion on the effectiveness of internal controlc) Severe criminal penalties for retaliation against "whistleblowers"d) Requiring that the company’s performance reports are prepared in accordance with generally accepted accounting principles
Business
1 answer:
cluponka [151]3 years ago
4 0

Answer:

d) Requiring that the company's performance reports are prepared in accordance with generally accepted accounting principles

Explanation:

The Sarbanes Oxley Act of 2002 was formed to set new guidelines for public companies located in the United States. There are eleven sections contained in the act and three key ones mentioned in the options above include;

1. The establishment of the Public Company Accounting Oversight Board: This board was to be in charge of the registration of auditors, providing auditing services, and overseeing audit forms.

2.  Requiring a company's annual report to contain an internal control report that includes management's opinion on the effectiveness of internal control: Financial reports produced by the companies were to have the certification of the managers and accounting officers of the reporting organizations.

3. Severe criminal penalties for retaliation against "whistleblowers": Severe penalties were to be applied on any who engaged in financial crimes, or even discriminated against whistleblowers.

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A promissory note:
Travka [436]

Answer:

d. is a written promise to pay a specified amount of money at a certain date.

Explanation:

A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>

I hope you find this information useufl and interesting! Good luck!

8 0
3 years ago
Andrew and Marina are married filing joint and have modified AGI of $77,500. Andrew made a contribution to a qualified retiremen
vova2212 [387]

Answer:

$0

Explanation:

The credit rate for retirement savings depend upon several factors. General credit rates are 10%, 20% and 50%.

In case of a couple married and filing jointly the credit rate in case of modified AGI being more than $63,000 = $0.

The limit of $63,000 is revised to $64,000 in year 2019, and further revised to $65,000 in year 2020.

Here, in the given case the contribution credit rate = 0% as the AGI in case of joint filing is more than $65,000 as for year 2020.

Thus, retirement savings contribution credit = $2000 \times 0% = $0.

4 0
4 years ago
Why is it important to choose your own career​
posledela
I think cause you know yourself better than everyone else and you know what you can and can’t do and everyone should be able to have their own opinions on things :))
4 0
3 years ago
Read 2 more answers
On January 1, 2009, a U.S. firm made an investment in Germany that will generate $5 million annually in depreciation, converted
Afina-wow [57]

Answer:

The expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013 will be $1,958,815.416.

Explanation:

It is expected that the value of the dollar in the German market will fall at the same rate as that of the real market value of the dollar when we envisage the exchange rate will remain the same. Thus the depreciation of the tax write-off in terms of its real value in dollars will fall at 5% every year from 2009 to 2013.

Therefore, at a tax rate of 50% in Germany, a $2.5 million charge on depreciation on the investment of $5 million will result in 2013.

To calculate the real value of the dollar at an inflation of 5% yearly in 2013

When the tax rate in German is 50%, then charges of depreciation of $5 million will equal4$2.5 million in 2013 dollars. When the dollar's real value of this write-off is declining due to the inflation at 5% annually, the real value in 2013 will be calculated as:

Given: $2,500,000 (P/F , 5%, 5years) ;  0.78356 (factor for calculating the amount to be recieved after  5years)

= $2,500,000 * 0.78356

= $1,958,815.416

8 0
3 years ago
What are your hypotheses for how the number of rooms registered on a given day to a particular type of guest (TotalRewards, Spec
Bogdan [553]

Answer:

The quantity of rooms registered on an offered day to a specific kind of guest certainly influences the quantity of registration on that day as can be seen underneath:

Explanation: Total Rewards guest - Total Rewards guests are those guests who have joined the dependability program and win credits on the entirety of their costs which they can later recover for a free stay or sustenance, etc. These sorts of guests are not expansive in number thus they don't put much weight on the number of registrations.

Their number can be normal with no check-ins on a specific day or a few check-ins on another day. So this kind of guest ordinarily doesn't influence the number of check-ins bigly.

6 0
4 years ago
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