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We know that the Sarbanes-Oxley Act was created as the result of several high-profile fraud cases. Now that the act is over 10 years old, many think that it needs to be updated to reflect the changing times. From the e-Activity, identify and discuss at least three changes that should be made to the act, indicating why these changes are necessary. Create an argument supporting three items in the act that you would not change.
Your bank account pays interest with an EAR of 5%. What is the APR quote for this account based on semiannual compounding? What is the ARP with monthly compounding.
effect of new year stock dividend on prior year epsfactsfor the year ended 31st december x1 target inc. had net income
Prepare the journal entries to record these transactions on the books of Masland Company. Masland uses a perpetual inventory system.
Angel Corporation has pre-tax book income of $750,000 in 2013. Angel's book depreciation exceeds tax depreciation by $100,000 and Angel has municipal bond interest of $50,000. Angel has no other permanent or temporary tax differences.
Calculate MAD as well as MSE
Cambridge Company's president receives a $150,000 base salary and a bonus of 0.5% of sales for the year. How much will the president earn at a sales level of $3,000,000 for the year?
magrath company has an operating cycle of less than one year and provides credit terms for all of its customers. on
Effect of inventory cost flow assumption on financial statements. For each of the following situations, indicate whether FIFO, LIFO, or weighted average applies. In a period of falling prices, net income would be highest
Assuming that the company’s $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine inventory’s direct labor costs and its overhead costs.
Identify the sources of long-term financing for Genesis and analyze the potential costs and benefits of each option -
Evaluate the amount and character of Robby's deduction(s) for this vacation home considering the cost allocation method that the IRS prefers is used.
Prepare a schedule of cash receipts for the first quarter, prepare a schedule of inventory purchases for the first quarter and prepare a schedule of cash disbursements for the first quarter.
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