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Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. Do you believe the legislation enhances the power and prestige of the accounting profession, or alternatively, does it decrease both the power and prestige of the profession? Explain. Have any companies that would have been under the ACT gone private and delisted from one of the stock exchanges just to get out from under the act. What would be the reason? Give pro's and cons of such action. Has this changed in any way the relationship between a CFO and the Board of Directors and/ or the independent auditor?
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
the stockholders equity section of leyland corporations balance sheet at december 31 is presented here.leyland
When does your company record revenue from the sale of merchandise or services and how does your company account for sales returns?
if a firms forecasted sales are 250000 and its break-evensales are 190000 the margin of safety in dollars ischoose one
ace chemical company manufatures a liquid used to was boats. ace began 2011 with 10000 units in process with cost of
On April 1, 2007 when the machine has a market value of 27,500, it is exchanged for a machine with a fair value of 135,000 and the proper amount of cash is paid. The exchange lacked commercial substance.
There will be no residual value at that time. Considering the uncertainty in your estimates, you expect to earn 9 percent per year on the investment. What should you be willing to pay for this investment now?
the following information is available for prime company as of april 30 2011a. cash on the books as of april 30
1. analysis of stockholders equity star corporation issued both common and preferred stock during 20x8. the
shulau2019s 347 grill has budgeted the following costs for a month in which 1600 steak dinners will be produced and
custom computers is a company started by two engineering students to assemble and market personal computers to faculty
prior to liquidating their partnership porter and robert had capital accounts of 160000 and 100000 respectively. prior
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