Author Question: The section of Sarbanes Oxley that requires each annual report filed with the SEC to include an ... (Read 116 times)

dollx · **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?

owenfalvey · **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.