The Sarbanes-Oxley Act has all but which of the following provisions?
a. Creating a five-person Accounting Oversight Board with authority to review and discipline auditors.
b. Creating severe civil and criminal penalties for enterprises that engage in the commission of two or more predicate acts within a period of ten years.
c. Increasing the penalties for existing federal crimes and creating new criminal offenses.
d. Adding new financial disclosure requirements.
b
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A _____ line is made of 24 channels (groups of wires) of 64 Kbps each.
A. T1 B. T2 C. T3 D. T4
Which of the following would not be used to determine the cost of an asset?
a. cash paid b. sales and excise taxes c. cost incurred to get the asset ready for its intended use d. depreciation method
Why should mission statements be market oriented instead of product or technology oriented?
What will be an ideal response?
James purchased an abandoned lot. When he started to develop the land, he discovered several underground storage tanks containing hazardous waste buried on the site. He claims the seller, Richard, is liable to him for the cost of removing the tanks
Richard claims he owned the lot for 20 years and never knew of the underground tanks. Richard argues he purchased the land from Thomas and that Thomas or his heirs are liable for the cost of removing the underground tanks. Explain whether Richard is liable to James. Does Thomas or do his heirs have any liability to James or Richard?