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Brilliant_brown [7]
3 years ago
13

The Sarbanes-Oxley Act of 2002 (SOX) imposes stricter requirements over financial reporting and internal controls and stricter c

onsequences for those who engage in financial statement misconduct and other white-collar crimes. True or False
Business
1 answer:
mario62 [17]3 years ago
3 0

Answer:

True or False. TRUE

Explanation:

The law "Sarbanes-Oxley Law" aims to generate a framework of transparency for the activities and financial reports of publicly traded companies, and give greater certainty and confidence to investors.

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Revenue is:
levacccp [35]

D. The amount of money a company makes from sales. This is revenue by definition.

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• A student planning a career in business management wondered why it was important to learn cost and management accounting. How
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Explanation:

Let us understand what a cost accounting and management accounting deals with and how both are related to business management.

Cost accounting:

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3 years ago
Lorek company acquires land for $160,000 cash. additional costs are as follows: removal of shed, $500; filling and grading, $2,0
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3 years ago
Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and in
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Answer:

D. $5,300,000 $0

Explanation

Debt service Fund General fund

Accumulated for principal payments $5,000,000 ( Debt service Fund)

Add Accumulated for interest payments $300,000( Debt service Fund)

Total $5,300,000

General fund

$0

$0

These restricted funds should be accounted for in the: Debt service fund General fund is $5,300,000 because the restricted funds of $5,000,000 accumulated for principal payments and $300,000 accumulated for interest payments should both be accounted for in the debt service fund.

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2 years ago
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