Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
C. The decisions made by producers and consumers drive all economic choices.
Sarbanes- oxley applies to publicly held companies.
What is covered under the Sarbanes-Oxley Act?
- All publicly traded American businesses are covered by the Sarbanes-Oxley Act. any and all wholly-owned subsidiaries operating in the United States.
- every foreign company with a public listing that conducts business here.
What are the Sarbanes-Oxley Act's fundamental rules?
- Each corporation is required by Rule 404 to implement efficient financial controls.
- Financial statements for each company must be personally certified by the CEO and CFO.
- If they violate the law, these officers could face criminal charges.
Learn more about Sarbanes-Oxley Act
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Answer:
The correct answer is: the acquisition of the products.
Explanation:
To begin with, in the USA and in other countries as well, the laws that prevent the damage of the consumer by taking care about the competition, avoiding monopolies and regulating as well those two main factors, encourage the fact that most of the people could afford most of the goods that in the past may have been privileges. Moreover, by protecting the competition the governments ensure the fact that substitutes are developed for every product possible and therefore if more goods are available in the market then the most of the people would have access to them.
Answer:
Business A
Journal Entries:
Debit Accounts Payable $96,000
Credit 10% Notes Payable $96,000
To record the issuance of a 60-day, 10% note to a creditor on account.
Debit 10% Notes Payable $96,000
Debit Interest Expense $1,600
Credit Cash $97,600
To record the payment of the note at maturing, including interest.
Explanation:
a) Data and Analysis:
Accounts Payable $96,000
10% Notes Payable $96,000
10% Notes Payable $96,000
Interest Expense $1,600
Cash $97,600
