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KiRa [710]
3 years ago
5

The Sarbanes-Oxley Act of 2002 holds a public company's ________ responsible for the accuracy of thr firm's financial statements

.
Business
1 answer:
Dominik [7]3 years ago
4 0

Answer: c. managers

Explanation:

The Sarbanes-Oxley Act of 2002 was passed into law after several accounting frauds rocked the nation in the early 2000's which included the Enron and the WorldCom sagas. These companies had engaged in fraudulent accounting recording practices that deceived investors and ultimately caused massive harm when they were discovered.

As a result, the aforementioned act was passed. One of it's key points is that Management will now be responsible for the accuracy of a firm's financial statements. This logic here is that they will scrutinize the statements more and ensure the accuracy of statements before they are released.

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es $ 160,000 Accounts receivable increase $ 10,000 Expenses: Inventory decrease 16,000 Cost of goods sold 100,000 Salaries payab
BARSIC [14]

Answer:

                                   Statement of Cash Flows

Cash from operating activities

Net Income                                                                                         $24,000

Adjustments to reconcile net income with

net cash flow from operating activities:

Depreciation                                                                12,000

Increase in accounts receivable                                (10,000)

Decrease in inventory                                                 16,000

Salaries payable increase                                      <u>     1,000             $19,000</u>

Net cash flow : Operating activities                                                  $43,000

8 0
3 years ago
In 2018, Borland Semiconductors entered into the transactions described below. In 2015, Borland had issued 180 million shares of
Art [367]
Which sequence isn’t a geometric progression?

4 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions.
Katarina [22]

Answer:

Matching the different types of communications with their descriptions:

Types of Communication  Descriptions

business letter                 : a formal way to communicate with people        

                                           outside your organization

business report               : a way to communicate financial information

note                                  : an informal handwritten message

memorandum                  : a formal way to communicate with people

                                           inside your office

Explanation:

a) Data:

Types of Communication:

business letter

business report

note

memorandum

Pairs

a formal way to communicate with people outside your organization

an informal handwritten message

a formal way to communicate with people inside your office

a way to communicate financial information

b) In Business, choosing the means of clear communication is very essential.  The format used to communicate internally is not the same format for communicating externally.  Even, within an organization, there are still different communication formats.  A handwritten note can be used instead of memorandum for some communications depending on the formality required.  Presenting a business report is more formalized than a handwritten note, for instance.

7 0
3 years ago
Jimmy John's sandwiches claim to have "Freaky Fast" delivery. This ________, which refers to the place a product occupies in con
Salsk061 [2.6K]

Answer:

D) Product Positioning

Explanation:

Product positioning is the process used by marketers to communicate about their products to targeted customers. They focus primarily on the needs of the customers, availability of the channels for communication and attributes of the products. It enables the target customers to receive all the messages and update regarding the business and ask them to take the necessary steps accordingly.

7 0
3 years ago
HEY IS THIS THING ON
fgiga [73]

Answer:SID THE SCIENCE KID

Explanation:

6 0
3 years ago
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