Despite the advantages of a computer accounting information system, posting still must be done manually
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F
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The third year of a construction project began with a $30,000 balance in Construction in Progress. Included in that figure is $6,000 of interest capitalized in the first two years. Construction expenditures during the third year were $80,000 which were incurred evenly throughout the entire year. The company has had over $300,000 in interest-bearing debt outstanding the third year, at a weighted
average rate of 9 percent. How much interest for the third year is capitalized? a. $3,600 b. $6,300 c. $9,360 d. $9,900
Which of the following is true about the Sarbanes-Oxley Act?
A. It required public companies to establish a code of conduct for top executives and, if they did not have one, to explain why it did not exist. B. Its mandatory nature violated the Sixth Amendment right to a jury trial. C. It did not support the United States Sentencing Commission's guidelines to create both a legal and an ethical corporate environment. D. It specifically asked for lenient penalties in sentencing recommendations.
The Health Care Reform Act prevents insurance companies from denying health care insurance to individuals with preexisting health conditions
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Some governments are implementing laws that mandate the outright reduction of GHG emissions by forcing companies to pay taxes based on the amount of GHG emissions that are emitted
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