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Leni [432]
3 years ago
6

Furnaces & Filters Inc. is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxl

ey Act of 2002, to ensure that the firm’s financial results are accurate and timely, its senior officers must set up and maintain __________.
Business
1 answer:
Veseljchak [2.6K]3 years ago
4 0

Answer:

internal disclosure controls and procedures.

Explanation:

"Internal disclosure controls and procedures" is a new term created by the Sarbanes-Oxley Act of 2002 and it refers to controls and procedures that must be setup by top management of a corporation in order to ensure that the information it discloses under the Securities Exchange Act is properly recorded, processed, summarized and reported.

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Stewie, a single taxpayer, operates an activity as a hobby. Brian, a different taxpayer, operates a similar activity as a bona f
Leto [7]

Answer:

The answer is: Stewie can't report any taxable income and Brian can report a $1,000 loss.

Explanation:

Since Stewie is doing the activity as a hobby, he can't report a loss on it. It's like someone who likes to play basketball on weekends with his friends, he can not report the cost of a pair of sneakers and a ball as a loss.

Brian on the other hand runs a business and actually lost money doing it, so he can deduct his losses form his gross income.

5 0
3 years ago
The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine th
KatRina [158]
That  statement is true
The total finance charge plus interest divided by the amount dinanced represents a ratio that can be used to determine the annual percentage rate.

hope this helps
8 0
4 years ago
fun. Real 2009 next limited 45 machines for Ruby's 60000 each the accounting year of the company and John party for smart that p
slamgirl [31]
Brain hurts ! What !?
5 0
3 years ago
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 mil
Aneli [31]

Answer:

$5 million

Explanation:

Calculation for the post-money valuation of your shares

First step is to calculate the total shares outstanding after the venture capitalist's investment:

Total shares = 2 million shares + 1 million shares + 4 million shares

Total shares = 7 million shares

Second step is to calculate the Amount paid by venture capitalist

Using this formula

Amount paid by venture capitalist = Total value / Number of shares purchased

Let plug in the formula

Amount paid by venture capitalist = $5 million / 4 million shares

Amount paid by venture capitalist = $1.25 per share

Last step is to calculate the post-money valuation

Using this formula

Post-money valuation = Amount paid by venture capitalist * Shares subscribed

Let plug in the formula

Post-money valuation = $1.25 * 4 million shares

Post-money valuation = $5 million

Therefore After the venture capitalist's investment, the post-money valuation of your shares is closest to$5 million

5 0
3 years ago
Financing cash flows in the statement of cash flows would include which of the following?
iVinArrow [24]

Answer:

c. Repayment of long-term borrowing to the bank.

Explanation:

The third section of the statement of cash flows shows the cash flows from financing activities. These activities are defined as ‘activities that result in changes in the size and composition  of the contributed equity and borrowings of the entity.’ It measures the flow of cash between a firm  and its owners and creditors. Companies often borrow money to fund their operations, acquire  another company or make other major purchases. Here again for investors, the most important  item is cash dividends paid.

Based on the above discussion, the following item shall be included in the financing cash flows.

c. Repayment of long-term borrowing to the bank.

4 0
3 years ago
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