The Private Securities Litigation Reform Act imposes additional requirements on public companies reporting to the SEC and their auditors when:
A. The illegal act has a material effect on the financial statements
B. Senior management and the board have not acted properly to correct for the act
C. The failure to correct for the action is reasonably expected to warrant a departure from the standard audit report
D. All of the above are additional requirements
D. All of the above are additional requirements
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Whereas image refers to how a retailer is perceived by customers, positioning refers to a retailer's image with regard to its _____
a. atmosphere b. target market c. direct competitors d. former customers
The change in each of Kendall Corporation's balance sheet accounts last year follows: IncreaseDecreaseCash and cash equivalents$3,000 Accounts receivable$2,000 Inventory $3,000 Prepaid Expenses$4,000 Long-term Investments $15,000 Property, Plant and Equipment$10,000 Accumulated Depreciation$8,000 Accounts payable $9,000 Accrued Liabilities$6,000 Bonds Payable $13,000 Common Stock$5,000 Retained Earnings$4,000 Kendall Corporation's income statement for the year was: Sales$300,000Cost of goods sold 180,000Gross margin 120,000Selling and administrative expense 116,000Net income$4,000There were no sales or retirements of property, plant, and equipment and no dividends paid during the year. The company pays no
income taxes and it did not purchase any long-term investments, issue any bonds payable, or repurchase any of its own common stock. The net cash provided by (used in) operating activities on the statement of cash flows is determined using the direct method.Using the direct method, sales adjusted to a cash basis would be: A. $305,000 B. $298,000 C. $300,000 D. $302,000
If a corporation issues shares for less than the stated value, it remains liable to the shareholder for the difference between the stated value and the amount of consideration actually paid
Indicate whether the statement is true or false
Which feature of a future search conference involves participants taking responsibility for managing their own content and group process?
a. Attendance b. Data gathering and interpretation c. Exploring the wider context d. Structure