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Corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. You are an outside advisor to Salem Corporation, which hires you to make sure that its financial reporting and tax reporting responsibility is of the highest ethical standards. So that you understand the types of ethical misconducts that corporations are subject to and the penalties that can be given when uncovered, use the Internet to research and discuss the following:
• Ethical standards for corporations
• Recent changes to financial and reporting laws
• Cases where corporations have committed unethical business practices and the resulting consequences.
The memorandum to your client should be approximately 500 words. Be sure in your memorandum to discuss and apply the federal Sarbanes-Oxley Act and the IMA ethical code of standards.
the cost accountant for blue pharmaceuticals has informed youthat the companys materials quantity variance for the
the kellogg company manufacturers cold cereal products such as frosted flakes and special k. assume that the inventory
Prepare the journal entries to: (a) Issue $100,000 bonds which sold for $94,000. (b) Issue $100,000 bonds which sold for $104,000.
the auto repair shop of quality motor company uses standards to control the labor time and labor cost in the shop. the
If Hoffman accepts the special order, the company would not have to pay its salespeople their normal commission of $2 per unit, but the company would incur a shipping cost of $3 per unit on the items in the special order. If Hoffman accepts the sp..
suppose a company paid dividend of 15 cents on its ordinary share of n1.50 each. the company expected to grow its
On January 1, 2008, Michelle Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
When attaching a button on a man's overcoat, you can best reduce heavy strain on the button by reinforcing the button with
Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)
What type of costing method is used by Crystal Glass? Does the method comply with GAAP? If not, what costing method should be used? What would net income be? Could the statements be misleading to the bank? Why or why not?
ABC company pays a sales commission of 5% on each unit sold. If a graph is prepared with the vertical axis representing per-unit cost and the horizontal axis represented units sold how would a line that depicts sales commission be drawn?
explain how the procedure for using a valuation model to infer market expectations about a companys future growth
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