MAN1107 PRETEST WK9 89-91
Authored by Pamala Smith
Business
11th Grade
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3 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Important provisions of the Sarbanes-Oxley Act:
require the CEO and CFO of corporations to certify the accuracy of financial reports.
encourage the destruction of financial documents to minimize identity theft.
approve corporate loans to directors of the company.
encourage outside CPA firms to deliver several services to their clients, including auditing services and consulting services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ is the accounting practice of recording each transaction with a debit and a credit in the accounting journal.
Trial balancing
Double-entry bookkeeping
Account matching
Entry duplication
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The __________ is an accounting statement that reports the financial condition of a firm at a specific point in time.
balance sheet
income statement
statement of cash flows
trial balance
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