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Corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. You have been hired as an outside advisor to Salem Corporation to make sure that its financial reporting and tax reporting are of the highest ethical standards. So that you understand the types of ethical misconducts that corporations are subject to and the penalties that can be given when uncovered, use the Internet to research and discuss the following:
Cases in the past 15 years or so where corporations have committed unethical business practices and the resulting consequences.
Ethical standards for corporations
Recent changes to financial and reporting laws to take into account ethical standards as a result of the earlier corporate scandals
The well-organized, well-written memorandum to your client should be approximately 500 words. Be sure in your memorandum to discuss and apply the federal Sarbanes-Oxley Act (and some of the cases that led to its enactment) and the IMA ethical code of standards.
Create a contribution margin format income statement
Travis is a full-time student, while Macy earns $7,000 each year from a part-time job. Travis and Macy do not file jointly during either year. Illustrate what is Jerold’s Federal income tax filing status for 2010 and 2011 if all parties reside in:
1 if you assume that the risk world in which your company operates is ergodic when in fact it is non-ergodic what
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
Prepare a pension worksheet. On the pension worksheet, compute pension expense, pension asset/liability, projected benefit obligation, plan assets, prior service cost, and net gain or loss.
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Evaluate the interest rate on the company's note payable? The 2013 rent payment was made at the starting of which month? How much did Eldorado lend its customer on Oct 31?
The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,120. Illustrate what is the bond’s nominal yield to call?
The regular common and preferred dividends were paid in 2009. Compute basic and diluted earnings per share for 2009.
journal entries to record sales return inventory return return of purchases.on 322 janet returned 4 of the robes to
Determine the amount of bad debt expense to be recognized by Sparkling Jewelry Company for 2012, assuming the following independent situations.
"Measurement is arguably the most important concept in the discipline of accounting, since without measurement; there would be no need for accounting.
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