The Sarbanes-Oxley Act allows, but does not require, a corporation to establish a whistleblower policy.
Answer the following statement true (T) or false (F)
False
SOX demands that management establish a hotline and other mechanisms for the anonymous reporting of fraudulent activities. Further, SOX prohibits companies from punishing whistleblowers, employees who legally report corporate misconduct.
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Mary's Mittens, Inc., a merchandising company, wants to prepare the budgeted balance sheet for the next budget period. For this purpose, the amount of ending cash balance can be retrieved from the ________.
A) capital expenditures budget B) budgeted funds flow statement C) cash budget D) sales budget
The IRS has begun to tax some perquisites given to employees.
Answer the following statement true (T) or false (F)
Downstream marketing channel partners, such as wholesalers and retailers, form a vital link between the firm and its customers
Indicate whether the statement is true or false
Holland Corporation's annual report is as follows
March 31, 2016 March 31, 2017 Net Income $350,000 $441,500 Preferred Dividends 0 0 Total Stockholders' Equity $4,380,000 $5,092,000 Stockholders' Equity attributable to Preferred Stock 0 0 Number of Common Shares Outstanding 284,000 195,000 Based on the information provided, find the rate of return on common stockholders' equity on March 31, 2017. (Round your final answer two decimal places.) A) 8.36% B) 9.32% C) 8.67% D) 7.99%