What are the key points of the "Issuer and Management Disclosure" of the Sarbanes-Oxley Act?
1 . Public companies must report all off balance-sheet transactions.
2 . Annual reports filed with the SEC must include a statement by management asserting that it is responsible for creating and maintaining adequate internal controls and asserting to the effectiveness of those controls.
3 . Officers must certify that the company's accounts ‘fairly present' the firms financial condition and results of operations.
4 . Knowingly filing a false certification is a criminal offence.
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Indicate whether the statement is true or false
On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. Compute the amount due at maturity for the note and interest. (Use 360 days a year.)
A. $8,670 B. $8,628 C. $8,192 D. $8,500 E. $8,613
In terms of the five characteristics of innovations that affect the rate of adoption, the digital camera would most clearly have a higher degree of ________ than flavored bottled water
A) compatibility B) complexity C) tangibility D) comparability E) trialability
Which of the following statements is true of defamation?
A) If the defamation is published in a permanent form, the tort is called slander. B) To recover damages in a case of libel, the plaintiff must demonstrate an actual monetary loss resulting from the defamatory statement. C) A statement that is merely one of opinion and not a statement of a fact is not considered to be defamatory. D) A plaintiff must prove special damages if the statements constitute slander per se.