Maple Products Corporation is a public company, which New Hampshire regulates and in which Orin invests. The Sarbanes-Oxley Act of 2002 introduced direct federal corporate governance requirements to
a. public companies.
b. private investors.
c. state regulators.
d. none of these choices.
a
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The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000, and at the time of the sale, $40,000 was still owed to Regions Bank on that purchase. After the sale, The Austin Land Company paid off the loan to Regions Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
A) assets decrease $20,000; liabilities decrease $40,000; owner's equity increases $20,000 B) assets increase $20,000; liabilities decrease $40,000; owner's equity increases $20,000 C) assets decrease $25,000; liabilities decrease $40,000; owner's equity increases $65,000 D) assets increase $45,000; liabilities decrease $40,000; owner's equity increases $85,000
A(n) ________ is a transitional phrase that connects a statement of features with a statement of benefits
Fill in the blanks with correct word
A gift promise is enforceable if the promisor withdraws from his promise
Indicate whether the statement is true or false
Using the passive voice when discussing a reader's mistake is often appropriate
Indicate whether the statement is true or false