The Sarbanes-Oxley Act of 2002 requires CEOs and CFOs to certify financial reports
Indicate whether the statement is true or false
TRUE
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A cost management system should provide information to
a. all functional areas of the organization. b. only the accounting area of the organization. c. only the production area of the organization. d. organizational managers, but not to staff personnel.
Trading investments include ________
A) debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable B) investments in debt and equity securities that are highly illiquid and that the investor intends to hold until they mature C) investments in debt securities that the investor intends to hold until they mature D) equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future
Fact Pattern 28-1BChocolate! Chocolate! Corporation is a new company that needs to borrow money to meet its payroll. Dayna, president and owner of Chocolate! Chocolate!, asks Evermore Credit Union to loan the funds to Chocolate! Chocolate!Refer to Fact Pattern 28-1B. If Evermore insists that Dayna sign the loan application, making her personally liable for payment whether or not Chocolate! Chocolate! defaults, Dayna will be
A. a surety. B. a lienor. C. a garnishee. D. a guarantor.
Which of the following items must you provide when applying for a loan in order to prove you have collateral to back your loan?
A) Personal cash flow statement B) Paycheck stub C) Personal balance sheet D) Credit card statements