Question

In: Accounting

1. Which of the following is the federal, independent agency that provides oversight of public companies...

1. Which of the following is the federal, independent agency that provides oversight of public companies to maintain fair representation of company financial activities for investors to make informed decisions?

Group of answer choices

FASB (Financial Accounting Standards Board)

D. FDIC (Federal Deposit Insurance Corporation)

IRS (Internal Revenue Service)

SEC (Securities and Exchange Commission)

2. Which of the following breaks down company financial information into specific time spans, and can cover a month, quarter, half-year, or full year?

Group of answer choices

accounting period

monthly period

fiscal period

yearly period
3. Which type of adjustment occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period?

Group of answer choices

deferral

estimate

cull

accrual

Solutions

Expert Solution

1.SEC (Security and Exchange commission)

Explanation:It is an independent and federal agency which was formed to protect investors

2. Accounting period

Explanation:It is a time frame in which business prepares its financial perfornance.

3. Deferral

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Discuss the Public Companies Accounting Oversight Board.
Discuss the Public Companies Accounting Oversight Board.
1.Which of these parties involved in preparing and auditing financial statements provides oversight of the reporting...
1.Which of these parties involved in preparing and auditing financial statements provides oversight of the reporting process and other parties? a. Internal auditor. b. External auditor. c. Audit committee. d. Management. 2. Which of these is a safeguard to independence created by the audit firm as articulated in the AICPA's independence conceptual framework? a. Disciplinary mechanisms to promote compliance with independence policies and procedures. b. Policies and procedures to ensure accurate financial reporting. c. Professional certifications. d. Mandatory partner rotation...
Which of the following is true regarding the ballance sheet of a federal agency? A). The...
Which of the following is true regarding the ballance sheet of a federal agency? A). The balance sheet as prepared using the economic resource measurement focus and accrual accounting B). Typically the first item listed among us that is “fund” balance with treasury C). All of the above choices are true D). None of the above choices is true
The SEC is an independent, non partisan quasi-judicial agency that is responsible for administering the federal...
The SEC is an independent, non partisan quasi-judicial agency that is responsible for administering the federal securities laws. Publicly traded companies must file a variety of forms electronically through the EDGAR system. The primary purpose of this is for fairness and accessibility. Visit the SEC website (www.sec.com) looking under the link Description of forms. Describe the form 8-K, 10-K, and 10Q. Note what these represent and why they are required? Under Company Filings search for the most recent 10-K of...
1- Which of the following government agencies enforces social regulation? Environmental Protection Agency Federal Deposit Insurance...
1- Which of the following government agencies enforces social regulation? Environmental Protection Agency Federal Deposit Insurance Corporation Federal Reserve Federal Aviation Administration
1) Which of the following is true regarding agency in Tennessee? An implied agency relationship can...
1) Which of the following is true regarding agency in Tennessee? An implied agency relationship can exist without an agreement through the actions of a licensee. A facilitator relationship must have a written agreement. Facilitator relationships are not legal. In the absence of a written agreement, there is no such thing as implied agency. 2) Before presenting an offer to a FSBO (for sale by owner) seller, a buyer's agent must obtain a commission waiver. agency agreement. signed disclosure. commission...
Task 1: Research and answer the following questions The Australian Constitution provides for a Federal system...
Task 1: Research and answer the following questions The Australian Constitution provides for a Federal system of government. How would you explain what this means to a client? One way in which the power of the Commonwealth Parliament has grown is by the referral of State law making powers. Describe an example where such a referral has been beneficial to business What is the most powerful source of law in Australia? Why? Why does a tax practitioner/advisor or accountant owe...
1) Select one public agency and one private agency and differentiate their roles and major activities...
1) Select one public agency and one private agency and differentiate their roles and major activities in addressing cost and quality in health care. 2) Analyze current and projected initiatives to improve quality while simultaneously controlling costs. 3) Describe any unintended consequences. Synthesize implications for staff nurses and advanced practice nurses, including evidence-based practice, relative to cost and quality.
Medicare is a two-part federal health insurance program which provides medical benefits for covered individuals. Part A of Medicare provides coverage for which of the following expenses?
Medicare is a two-part federal health insurance program which provides medical benefits for covered individuals. Part A of Medicare provides coverage for which of the following expenses? Immunizations In-patient drug charges Hearing examinations Prescription eyeglasses
Public companies are required by the SEC to file which of the following reports quarterly? 10-K...
Public companies are required by the SEC to file which of the following reports quarterly? 10-K 10-Q 8-K All of the above Which one of these ratios is a MARKET RATIO Question 6 options: Current Ratio Debt/EBITDA Accts Receivable Days on Hand Operating Profit Margin Price to Earnings Ratio Return on Capital The product (or the output) of the DuPont model is: A profitability ratio An efficiency ratio A leverage ratio A return ratio All of the above Revenue and...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT