Question 6 of 20 50 50 points the sarbanes oxley act

  • Ashworth College
  • EXAM 1
  • Test Prep
  • Yankee7903
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Exam 1

Question 6   of 20 5.0 / 5.0 Points The Sarbanes - Oxley Act was passed to __________.
A. prevent fraud at public companies
B. replace all of the old accounting procedures with new ones
C. improve the accuracy of the company 's financial reporting
D. Both A and C are correct .
Answer:  D.   Both A and C are correct .
Question 8   of 20 5.0 / 5.0 Points How does the purchase of office equipment on account affect the accounting equation ?
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Question 9   of 20 5.0 / 5.0 Points Which of the following would result if a business purchased Equipment paying a 40 % down payment in cash ?
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Question 10   of 20 5.0/ 5.0 Points Bob purchased a new computer for the company on account . The transaction will __ ________.
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Question 6 of 20 5.0/ 5.0 Points The Sarbanes-Oxley Act was passed to __________. A. prevent fraud at public companies B. replace all of the old accounting procedures with new ones C. improve the accuracy of the company's financial reporting D. Both A and C are correct.
Question 7 of 20 5.0/ 5.0 Points Mary invested cash in her new business. What effect will this have?
Question 8 of 20 5.0/ 5.0 Points How does the purchase of office equipment on account affect the accounting equation?
Question 9 of 20 5.0/ 5.0 Points Which of the following would result if a business purchased Equipment paying a 40% down payment in cash?
Question 10 of 20 5.0/ 5.0 Points

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