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Author Question: The section of Sarbanes Oxley that requires each annual report filed with the SEC to include an ... (Read 125 times)

dollx

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on: Jul 5, 2018
The section of Sarbanes Oxley that requires each annual report filed with the SEC to include an internal control report is ___________________ ___________.
 Fill in the blank(s) with correct word

Question 2

Clean Sweep contracted to clean an office building in May for 2,000. The work was completed in May and Clean Sweep received a payment of 1,800. The second payment was received in June.
 
  How were these events reported on the May 31 financial statements?
  What will be an ideal response?


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owenfalvey

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Enhanced Financial Disclosures, Section 404
Enhanced Financial Disclosures
Section 404

Answer to Question 2

The May income statement will report revenue of 2,000; the statement of cash flows will report cash collected from customers of 1,800; and the balance sheet will report accounts receivable of 200.


dollx

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

carlsona147

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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