Answer:
<u>Generally accepted accounting principles</u>
Explanation:
Generally accepted accounting principles abbreviated as GAAPs , refer to set of accounting rules and principles to ensure clarity, consistency of reported information and to enhance reliability and comparability of accounting information.
GAAPs were prescribed by Financial Accounting Standard Board (FASB) of the United States. The accountants of public companies in United States are supposed to abide by GAAP principles while compiling accounts and preparing financial statements.
Thus, GAAPs lay emphasis upon presenting financial information which is relevant to the shareholders, which is true and can be relied upon , which is consistent and which can be compared to deduce past trends and for forming opinions and arriving at conclusions.
Answer:
Earnings per share of Concord Corporation for the year 2022 = $2.83
Explanation:
As for the information provided we have,
Earning per share to be computed for Concord Corporation for 2022
Note: Earning per share is computed for a period, and not for the particular date as it relates to the return on investment.
Therefore, Earnings per share for equity = Earnings for equity for the year concerned/Average number of shares outstanding
Average number of shares outstanding = (Opening equity + Closing Equity)/2
Equity shares in the beginning of 2022 = 180 million
Since no information for losing shares given thus, assumed same as of beginning.
Net income for equity = Net income - Pref dividend = $535 - $26 = $509 million
Earnings per share = $509 million/180 million
= $2.83 per share
Answer: C) To require public companies to document and verify their internal controls.
Explanation:
The Sarbanes-Oxley Act was passed in the year 2002 and represented an unprecedented increase in influence of the Government on the activities of public companies.
Passed in the aftermath of several financial scandals such as the Enron and Worldcom scandals, SOX as it is usually referred to, aimed to make companies more accountable for their actions by amongst other things, requiring that they document and verify their internal controls and made it the responsibility of senior management to ensure that it was done.
Answer:
change in output of +3%
Explanation:
Economic Growth is the increase in level of economic activity, increase in level of goods & services produced in an economy.
So, the best example of economic growth is 'change in output of +3%' as it illustrates the case given in above statement.
Consumption proportion, movement towards ppc origin (better efficient resource utilisation), better capacity & employment - are not the direct parameters of economic growth.
Answer:
d. broadly; lowers
Explanation:
An antitrust lawsuit can be defined as the way in which suit are been filed under federal or state antitrust laws in which the lawsuit can either be brought by a company's competitors for anticompetitive business practices or by purchasers of a product or service.
Antitrust laws can also be seen as a form of regulations that help to monitor the distribution of economic power in business by making sure that competition that are healthy are been allowed to flourish so that the economies can grow which is why Antitrust laws are often apply to nearly all industries and sectors.
Therefore A firm defending itself in an antitrust suit would prefer the market it operates in to be defined BROADLY which LOWERS the firm's market share compared to what it might be judged otherwise
