Author Question: The section of Sarbanes Oxley that makes it a felony to knowingly destroy, alter, or create records ... (Read 54 times)

Chelseaamend

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The section of Sarbanes Oxley that makes it a felony to knowingly destroy, alter, or create records and or documents with the intent to impede, obstruct, or influence an ongoing or contemplated federal investigation and offers legal protection to whistle-blowers is ___________________ ___________.
 Fill in the blank(s) with correct word

Question 2

Which statement below is TRUE about the cost principle?
 
  A) The cost principle says that all costs associated, directly or indirectly, with buying and using a long-term asset should be permanently capitalized.
  B) The cost principle says that all costs reasonable and necessary to place an asset into a working condition should be capitalized.
  C) The cost principle says that all costs associated with purchasing a long-term asset should be expensed in the period of the purchase.
  D) The cost principle says that only the cash paid to acquire a long-term asset should be capitalized.



Li Jun

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Answer to Question 1

Corporate and Criminal Fraud Accountability, Section 802
Corporate and Criminal Fraud Accountability
Section 602

Answer to Question 2

B



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