The provisions of the Sarbanes-Oxley Act of 2002, or SOX, apply to all U.S.-based corporations, as
well as to foreign corporations conducting business in U.S. markets.
Indicate whether the statement is true or false
FALSE
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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000 . What is Benson's capital balance after admitting Ramsey?
a. $20,000 b. $24,000 c. $48,800 d. $71,200
The asset base for loans usually is accounts receivable, inventory, equipment, or real estate.
Answer the following statement true (T) or false (F)
Which of the following is true about the Resource Conservation and Recovery Act (RCRA) and
the Comprehensive Environmental Responses, Compensation and Liability Act (CERCLA)? A) CERCLA regulates hazardous waste on land, and RCRA regulates hazardous waste located in bodies of water. B) CERCLA regulates hazardous waste of government agencies, and RCRA regulates wastes of private entities. C) CERCLA regulates the cleanup of existing hazardous waste sites, and RCRA regulates the handling and disposal of currently produced hazardous materials. D) CERCLA regulates liquid hazardous waste, and RCRA regulates solid hazardous waste.
Asset allocation is
A) a personal and a financial decision. B) objective. C) the same for most people. D) an easy and inexpensive thing to do.