1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serious [3.7K]
3 years ago
11

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the

early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Dodd-Frank Wall Street Reform and Consumer Protection Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Sarbanes-Oxley Act
Business
1 answer:
kondaur [170]3 years ago
6 0

Answer:

e. Sarbanes-Oxley Act

Explanation:

Sarbanes Oxley Act was incorporated and enforced in the year 2002.

This was done to provide protection to the investors in the stakes they invest from any fraudulent actions as performed by the companies.

The SOX Act provided certain guidelines and procedures to be followed while presenting and preparing the accounting records.

This clearly initiates a practice of fair disclosure by the corporations in their financial statements, which will not lead to any fraudulent activities and any discrepancies in the investors towards the corporations.

You might be interested in
When using the allowance method for accounting for bad debts, accounts receivable is reported on the balance sheet at the expect
Minchanka [31]

Answer:

Have no effect on net realizable value

Explanation:

Net realizable value is the value of accounts receivable less any allowance for bad debts. This amount is reported in the balance sheet. Under allowance method, if a particular receivable is uncollectible, then the amount is reduced from both accounts receivable and allowance for bad debts. As such, there is no effect on the net realizable value as both the accounts are reduced by the amount that is uncollectible.

4 0
3 years ago
Please determine which economic feature is described by the statements below. A __________ occurs as the result of a significant
Dafna11 [192]

Answer: Recession; Depression; Peak ; Trough

Explanation:

The business cycle is the short-term movement of the economy as it goes in and out of recession.

A recession is the significant decline in the national output. Die to recession, there are less consumption by consumers and this negatively affects the national output.

A depression is a lengthy and deep decline in the output of an economy. When there's a long time contractions in economic activities, depression has taken place.

A peak is the highest point of output before the start of a recession. It is when growth and reached its maximum rate in an economy.

Trough is the lowest point of output when there is a recession. It is the lowest point when there's a decline in economic activities.

4 0
3 years ago
Read 2 more answers
If bonds were issued at a premium, then the contractual interest rate was greater was than the market interest rate. True False
7nadin3 [17]

Answer:

TRUE

Explanation:

5 0
3 years ago
Trust Machines Inc. is a company that manufactures and markets consumer electronics. The unique microprocessors developed by the
enyata [817]

Answer:

Difficult to Imitate (I)

Explanation:

The unique microprocessors developed by the company contribute to its high resource immobility. According to the resource-based view of competitive advantage, when a company is achieving resource immobility, it allows the company to create competitive advantage.

The theory of Resource-Based View is that if Trust Machines can create a company of people, processes and technologies that cannot be easily copied or imitated by competitors it means that your resources are diverse and immobile, and it can create competitive advantage.

3 0
3 years ago
You bought a car for $17,250. You put down $3,000 cash and have to take a loan out to pay for the rest. The car dealership is of
LuckyWell [14K]

Answer:

Interest will be $855 x 10 years= $8,550

Explanation:

Interest

6÷100=0.06

0.06x14,250=$855

$855x10=$8,550.

How much to have paid back

At the end of 10years $8,550 would have been paid as interest

Total sum will be $14,250+$8,550=$22,800 to be paid back.

8 0
3 years ago
Other questions:
  • Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. we can conc
    13·1 answer
  • Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou
    13·1 answer
  • According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of
    11·2 answers
  • The Town of Little River expects to collect $90,000 in sales tax from the state government within 30 days of the end of fiscal y
    6·1 answer
  • Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it
    11·1 answer
  • When a company tracks gross profit by department, the sales journal will..? Please help limited time!
    10·1 answer
  • All else​ equal, if job turnover has people leaving jobs and finding new jobs in the same​ industry, this will: A. increase the
    11·1 answer
  • Agent Daisy agrees to a 5% commission to list a home at $330,000. The property is sold through another cooperating brokerage wit
    11·1 answer
  • A corporation was incorporated on January 1, Year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. Dur
    12·1 answer
  • Exercise 6-1 The Effect of Changes in Activity on Net Operating Income [LO6-1]Whirly Corporation’s contribution format income st
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!