Which of the following is NOT true regarding the Sarbanes-Oxley Act?
a. The Act mandates the composition and authority of audit committees at public companies.
b. The Act prohibits personal loans to executives.
c. The Act requires corporations to disclose whether they have a code of ethics applicable to senior financial officers and, if not, to disclose why not.
d. The Act gives the SEC the authority to prohibit unfit persons from serving as officers or directors of a public company for a period of five years.
d
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Environmental sustainability is about maintaining the environment, and it is both local and global.
Answer the following statement true (T) or false (F)
Matthews Company has a policy of maintaining an inventory of finished goods equal to 30 percent of the following month's sales. For the forthcoming month of March, Matthews has budgeted the beginning inventory at 30,000 units and the ending inventory at 33,000 units. This suggests that
a. February sales are budgeted at 10,000 units less than March sales. b. March sales are budgeted at 10,000 units less than April sales. c. February sales are budgeted at 3,000 units less than March sales. d. March sales are budgeted at 3,000 units less than April sales.
When is it OK to use medical tests?
What will be an ideal response?
Aspin Skis has 5,000 shares of $100 par value 10% preferred stock issued and outstanding. This stock is non-cumulative. The Board of Directors of Tahoe snowboards did not declare dividends on the preferred stock in 2009 and 2010 . In 2011, how much must be paid to the preferred shareholders before the common shareholders can be paid a dividend?
a. $50,000 b. $100,000 c. $0 d. $150,000