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Marrrta [24]
3 years ago
15

Which area of business is affected by the Sarbanes-Oxley Act?

Business
2 answers:
Sauron [17]3 years ago
3 0

Answer:

C. Accounting

Explanation:

The Sarbanes-Oxley Act was passed into law in July 2002. The act aims are protecting investors and other users of financial information from fraudulent reporting by corporations.

The Sarbanes-Oxley Act seeks to make financial reporting and disclosures accurate, reliable, and transparent. The acts insist on the declaration of internal control measures that guarantee the accuracy of financial statements.

Elden [556K]3 years ago
3 0

Answer:

C. Accounting

I just took the quiz and made

100%

trust me

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List one big thing that you would like to buy. What short-term, mid-term, and long-term goals would you need in order to make th
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I would like to buy a mansion
short term goals will be, work at McDonald until 40
mid-term goals will be do a online job
Long-term goals will be get a great paying job and finish High school and collage.
hope this helps.

4 0
3 years ago
Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexp
topjm [15]

Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called "Abandonment of contractual obligations".

<h3>What is contractual obligations?</h3>

Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.

Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.

Elements of a Contract are-

  • Offer: An offer was made when one of the parties pledged to carry out or refrain from carrying out a specific action in the future.
  • Promise of consideration: A promise of something of value in return for the intended conduct or inaction. This can be demonstrated by a substantial outlay of resources, a promise to provide a service, a commitment not to do something, or reliance on the promise. The incentive for the parties to enter into the agreement is known as consideration.
  • Acceptance: The offer was unmistakably accepted. Acceptance can be demonstrated through words, actions, or by carrying out the contract's requirements. In general, the terms of the acceptance must match those of the offer. If not, the acceptance is interpreted as a counteroffer and rejection.

To know more about the contractual obligations, here

brainly.com/question/22433474

#SPJ4

8 0
2 years ago
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece
hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

  • original cost $5,800 if job is finished in one month (15% probability)
  • bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
  • bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

3 0
3 years ago
Why would this be a better career choice than some of the other points she was looking for
larisa86 [58]

Answer:

your not giving enough information

Explanation:

7 0
2 years ago
Why do courts permit fraud to disrupt genuine agreement in a contractual setting?
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I’m pretty sure it has something to do with trial lengths and the sort
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