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grigory [225]
3 years ago
5

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

.Multiple Choicemanagersinternal auditorsexternal legal counselinternal legal counselSecurities and Exchange Commission agent
Business
1 answer:
levacccp [35]3 years ago
7 0

Answer:

The answer is: Management

Explanation:

Management (usually CEO and CFO) is responsible for preparing the financial statements of a publicly traded company. So they are ultimately responsible for the accuracy, integrity and objectivity of the financial statements.

Besides management, an independent auditor is responsible for examining the financial statement information and expressing an opinion on their accuracy.

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What term is used for bonds that have specific assets pledged as collateral?
Stells [14]

Answer: Collateral bonds

       

Explanation: In simple words, collateral or secured bonds refers to the the bonds that have are backed by the security of some financial asset such as any stock or some other bonds which are referred to as collateral.

These collateral  assets are held and deposited by the trustee at the discretion of the holders. Generally, the interest rate on these bonds is Lower than the interest rates of normal bonds without collateral as they have an additional security.

In case the company fails to pay to the bonds holders they can pressure the company to sell the asset and make payments to the bondholders. These bonds are issued by strong organisations to some specific individuals.

7 0
3 years ago
Which of the following will probably happen to a product when demand is low?
9966 [12]

Answer:

Answer = B

Explanation:

If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable

3 0
2 years ago
Laurel Company factors $300,000 of receivables to Hardy Factors. Hardy assesses a 3% fee on the amount of receivables sold. Laur
Anika [276]

Answer:

Cash                                        291000 Dr

Factoring fees expense          9000 Dr

        Accounts Receivables        300000 Cr

Explanation:

The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000

The factoring fees is 300000*0.03 = 9000

As a result all of the accounts receivables will be credited from the books.

8 0
3 years ago
Select the subdivision of geologic time that does not belong with the others? a. devonian b. ordovician c. pleistocene d. paleog
Orlov [11]

Pleistocene is the subdivision of geologic time that does not belong with the others.

The Pleistocene period is referred to as a geologic time period which includes the last ice age, when glaciers covered huge parts of the globe. During the Pleistocene the most recent episodes of global cooling, or ice ages, took place.

Pleistocene period was also characterized by the presence of distinctive birds and the large land mammals. During the Pleistocene period, mountain glaciers formed on all the continents and vast glaciers.

Thus, Pleistocene is known to be the subdivision of geologic time which does not belong with the others.

Hence, option C is correct.

To learn more about Pleistocene here:

brainly.com/question/28102167

#SPJ4

8 0
1 year ago
Sunshine mining bonds have a $1,000 face value, pay $95 annual interest, mature in 2020, and are currently quoted at $1,302.50.
Over [174]
<span>The coupon rate of the sunshine mining bonds is 7.29%. Coupon rate is figured by dividing the par value ($1302.50) by the annual interest (yield). If the face value of the bond was only given as well as the annual interest, the coupon rate of the bond would be 9.5%.</span>
5 0
3 years ago
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