David, the chief executive officer of a bank in the United States, has been embezzling money from the bank's clients. In order to avoid being caught, David destroyed all the financial records
Due to these actions, David can be prosecuted under the ________.
A) Securities Act of 1933
B) Sarbanes-Oxley Act of 2002
C) Foreign Corrupt Practices Act of 1977
D) International Securities Enforcement Corporation Act of 1990
B
You might also like to view...
During the ______ stage of team development, close relationships develop and unity and harmony emerge.
A. storming B. norming C. performing D. forming E. adjourning
A company issues 10% bonds with a par value of $180,000 at par on January 1. The market rate on the date of issuance was 9%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
A. $0. B. $8100. C. $18,000. D. $9000. E. $16,200.
Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150
per unit. Fantastic Futons buys direct materials for the futons in cloth rolls priced at $80 each. Each roll provides direct material for 40 futons. There was one roll in the direct materials inventory at the beginning of January, and the company expects to have four rolls in inventory at the end of the month. Assuming the production budget calls for 60,000 units to be produced in January, what would be the amount of the cloth rolls direct materials purchases budget for that month? A) $119,760 B) $114,000 C) $120,000 D) $120,240
Ima was the top seller of her company's new product during the six-month launch of the product. Ima's company gave her a $500 gift certificate toward a resort vacation. This is an example of a quota-bonus plan
Indicate whether the statement is true or false