Gwen Knight is a CPA who works in the internal controls area of Winthrop Industries, a NASDAQ company. Gwen has discovered that there are problems with the company's processing of invoices for payments that allow the postponement of those payments. The
company is 18 months behind on some payments. Gwen reports the problems to her supervisor. Gwen assumes that her supervisor will notify the head of internal audit and take the appropriate corrective steps. On her next performance evaluation, done three weeks later, Gwen receives her first poor rating in 10 years. She is put on a six-month performance improvement plan. Discuss Gwen's position, rights, and any protections she may have.
Gwen works for a publicly traded company and so is protected by the anti-retaliation provisions of SOX. It seems that she has been targeted for raising an issue on financial reporting. Gwen has the right to file a complaint for retaliation.
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Which one of the following is NOT required in useful problem statements?
A. Having concrete measures D. Being based on objective research B. Suggesting realistic solutions E. Summarizing what is known C. Describing the current situation about the problem
Which of the following correctly describes the accounting for administrative expenses of a manufacturing company?
A) Administrative expenses are product costs and are expensed as incurred. B) Administrative expenses are period costs and are expensed as incurred. C) Administrative expenses are product costs and are expensed when the manufactured product is sold. D) Administrative expenses are period costs and are expensed when the manufactured product is sold.
Where there is no course of performance, usage of trade, or course of dealing, and where a contract is silent as to the place of delivery, the place for delivery is:
A) the seller's place of business. B) wherever the goods were manufactured. C) wherever the goods are located. D) the buyer's place of business.
Divide the following number: 
A. 55 B. 45 R 8 C. 46 D. 38