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Study Resources (Business Law)

Question Use the following corn futures quotes: Corn 5,000 bushels: Open High Low Settle Chg Open Int Mar 455'1 457'0 451'6 452'0 -2'6 597,913 May 467'0 468'0 463'0 463'2 -2'6 137,547 July 477'0 477'0 472'4 473'0 -2'0 153,164 Sep 475'0 475'0 471'6 472'2 -2'0 29,258 1. How many of the May contracts are currently open?Contracts 2. How many.
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Question The Securities Exchange Act of 1934 established extensive reporting requirements for listed companies. Which is not a commonly required report?   a. Form 10-K. An extensive annual report, including financial statements   b. Form 8-K. A report used to describe significant events that may affect the company.   c. Form S-2. A registration statement   d. Form 10-Q. An extensive quarterly report,.
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Question the source. this is for legal issues in forensic accounting class True or false. Discovery is the process of obtaining information prior to trial. this will include e-discovery or all electronic evidence, including email, voicemail, spreadsheets, and documents. any relevant evidence is discoverable, except certain privileged information, such as attorney-client communications. .
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Question Which of the following is true regarding the holding of the court in The Travelers Property Casualty Company of America and Hellmuth Obata & Kassabaum Inc., v. Saint-Gobain Technical Fabrics Canada Limited, the case in the text involving whether the statute of frauds barred enforcement of a contract and also.
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Question Using CCH IntelliConnect, find P.L. 114-26. a. What is the official name (short title) of P.L. 114-26 and when was it enacted? b. What section of the Internal Revenue Code does this legislation affect? c. Briefly describe the purpose of this tax legislation. d. In which chamber of Congress this legislation originate? e. Who introduced.
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Question According to the Taft-Hartley Act, which of the following is considered an unfair labor practice by unions? a) Striking over a jurisdictional dispute with another union. b) Striking to show sympathy for another union in obtaining employer recognition. c) Settingexcessiveuniondues. d) All of these. e) None of these.   .
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Question The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for their public company audit clients.a. List four types of services that are prohibited by the Act.b. List three types of general consulting activities that would impair the auditors' independence based.
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Question Upson Down Company sells its wares to consumers over the Internet. Upson's site includes an on-screen notice indicating its refund and return policies, where its business is physically located, its legal name, and other details. This is   dictated by members of the Good Business Association.        mandated by federal law.        required.
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Question 1) The uniform law, issued in 1984 by the Committee on Corporate Laws of the American Bar Association, that regulates the formation, operation, and termination of corporations is A. The Model Business Corporation Act B. The Uniform Commercial Code C. The Revised Model Business Commercial Code D. The Standard Incorporation Act .
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Question A factory foreman at Stevens Company discharged an hourly worker but did not notify the payroll department. The foreman then forged the worker’s signature on time cards and work tickets and, when giving out the checks, diverted the payroll checks drawn from the discharged worker to his own use. The.
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Question 8Which of the following statements are true? The accountant as an implementer can become involved with systems survey and needs analysis tasks. The analysis team conducts a cost/effectiveness study, which provides quantitative and certain qualitative information concerning each of the system alternatives. The general ledger master data contains summarized information.
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Question The Sarbanes-Oxley Act generally does not apply to A) Large U.S. S corporations that have registered debt with the SEC B) Large U.S. partnerships that have registered equity securities with the SEC C) U.S. limited liability companies that are exempt from SEC registration D) Non U.S. corporations that have registered debt with the SEC     A).
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Question The Sarbanes-Oxley Act A. was prompted by corporate bankruptcies and audit failures. B. limits an auditor's ability to provide non-audit services to a client. C. clarifies the responsibility of a company's management for its financial statements. D. all of these.     A. was prompted by corporate bankruptcies and audit failures.     B. limits an auditor's ability to provide.
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Question The Sarbanes-Oxley Act requires companies to provide reportsfrom management on the effectiveness of internal controls overfinancial reporting. Visit the PCAOB website and review Standard 5.In addition, visit the SEC website and explore the Sarbanes-OxleyAct of 2002. After visiting the PCAOB and SEC sites, evaluate the reportingrequirements of the Sarbanes-Oxley Act regarding.
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Question The soda company manufactures bottles to contain carbonated beverages. They have invested millions of dollars to provide the most state-of-the-art bottling facility the world has ever seen. And their QA process is unmatched. The soda company takes every precaution to ensure that it's bottles are of the highest quality. One.
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Question Which or the following is inadmissible under the parol evidence rule? a) Evidence that clarifies an ambiguity in a written contract. b) Evidence of the unwritten terms of a contract that is partially written and partially oral. c) Evidence of a prior or contemporaneous understanding that contradicts the written contract..
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Question Ames, seeking business for his lawn maintenance firm, posted the following notice in the meeting room of the Antlers, a local lodge: “To the members of the Antlers— Special this month. I will resod your lawn for two dollars per square foot using Fairway brand sod. This offer expires July.
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Question The Sarbanes-Oxley Act requires companies to provide reports from management on the effectiveness of internal controls over financial reporting. Visit the PCAOB website and review Standard 5. In addition, visit the SEC website and explore the Sarbanes-Oxley Act of 2002. After visiting the PCAOB and SEC sites, evaluate the reporting requirements.
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Question Which of the following is true regarding tort litigation? Tort litigation has been declining significantly since 2000. Tort litigation has been declining slightly since 2000. Potential tort liability should concern a competent business manager. Tort litigation has increased significantly since 2000. Tort litigation has increased slightly since 2000.     Tort litigation has been declining significantly since 2000.     Tort.
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Question Under which of the following conditions and to what extent are benefits from a qualified retirement plan included in a decedent’s gross estate? a) The benefits are included in the gross estate. b) The benefits are included in the gross estate unless a non-employee spouse’s interest in plan proceeds arising solely because.
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Question Using the legend provided, classify each of the following citations as to the location. A citation may have more than one answer. Legend: IRC = Internal Revenue Code FR = Federal Register IRB = Internal Revenue Bulletin NA = Not applicable CB = Cumulative Bulletin a. § 61(a)(13). b. Prop.Reg..
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Question After enactment of Sarbanes-Oxley response to Enron andWorldcom, it was hoped that accounting and financial frauds wouldbe a thing of the past. But, alas, that was not the case. Based onyour research or experience, tell us about another post-Enronscandal and the results thereof. .
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Question Anthony was playing baseball in his yard and hit a ball too farinto his neighbor's yard. The ball struck a branch on a tree,causing the branch to fall and injuring Anthony's neighbor, who wasstanding under the tree. Anthony’s neighbor initially threatens to sue Anthony, but the twoagree to settle the matter.
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Question What is normally required before a reorganization plan can be implemented? Mutiple Choice The plan must be presened by the company and confimed by the court The plan must be voted on·and accepted separately by, each does ofereders and each dass oeoeeldennen fetmed byte eat (.) The pion must be.
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Question Ultrasonic Corporation: How Should a Lease Contract be Structured? Like most companies in the medical equipment industry, Ultrasonic Corporation leases its medical equipments to some customers and sell them to others. Recently, Ultrasonic has introduced a new line of equipment that may revolutionize the medical profession. Because of the new.
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