The section of Sarbanes Oxley that sets forth criminal penalties applicable to CEOs and CFOs of up to 5 million and up to 20 years imprisonment if they knowingly or willfully certify false or misleading periodic reports is ___________________ ___________.
Fill in the blank(s) with correct word
Question 2
Fair Play, Inc paid 3,600 on September 1, 2011 for an 18-month insurance policy beginning on that day. The company recorded the entire amount as prepaid insurance.
How much insurance expense should the company show on its income statement for the year ended December 31, 2011?
A) 200
B) 600
C) 800
D) 3,600