Public companies, or issuers, in the U.S. are ________. A. required by the federal government to...
Public companies, or issuers, in the U.S. are ________. A. required by the federal government to have quarterly financial statement audits B. required by the federal government to have annual financial statement audits C. required by the federal government to have semi-annual financial statement audits D. not required by the federal government to have financial statement audits
ACC562
Homework Answers
B. required by the federal government to have annual financial statement audits
In the United States, publicly traded companies must submit a Schedule 10-K to the U.S. Securities and Exchange Commission annually. One of the elements required to complete the 10-K is to provide audited financial statements. Public businesses also are required to submit quarterly reports, or 10-Qs, but this form does not require audited financial statements.
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Public companies, or issuers, in the U.S. are ________. A.
required by the federal government to...
The government body that has oversight responsibilities for all public companies traded on U.S. stock exchanges...
The government body that has oversight responsibilities for all public companies traded on U.S. stock exchanges is A. The Securities and Exchange Commission (SEC) Congress C. The American Institute of Certified Public Accountants (AICPA) D. Public Company Oversight Board (PCAOB) B.
"The Importance of Financial Statements" Public companies are required to publish annual financial statements. Suggest the...
"The Importance of Financial Statements" Public companies are required to publish annual financial statements. Suggest the major benefits of companies making financial statement information available to employees. As an employee, discuss what financial information would be of value to you. Provide at least two (2) specific examples on why the information is important. Briefly explain generally accepted accounting principles (GAAP), and describe why it is important that public companies follow GAAP when preparing financial statements. Also, give your opinion on...
36. The Federal Reserve System in the U.S. has the greatest control over a. The Federal...
36. The Federal Reserve System in the U.S. has the greatest control over a. The Federal Funds rate. b. The Discount rate. c. The consumer loan rate. d. All of the above e. None of the above 37. Suppose the U.S. Treasury issues and sells $100 million of U.S. government securities (bonds) to the public. How will this affect the money supply! the money supply will increase. b. the money supply will decrease. c. the money supply will be unaffected....
With respect to recent U.S Federal Government Fiscal policies what has the Federal Government been doing?...
With respect to recent U.S Federal Government Fiscal policies what has the Federal Government been doing? Is it following contractionary or expansionary policy? Why? What policy tools have they been using? Is the fiscal policy being followed correct for the current state of the economy?
Which of the following statements is true when considering the expenditures of the U.S. federal government?...
Which of the following statements is true when considering the expenditures of the U.S. federal government? O A. The expenditures are used for entitlements. B. The expenditures are used for investment in the country's infrastructure. C. The expenditures are used for the purchases of goods and services by the federal government. D. The expenditures are used for all these purposes. select your answer.
M7: Assignment Many non-U.S. companies make annual reports available on their corporate Internet home page. Access...
M7: Assignment Many non-U.S. companies make annual reports available on their corporate Internet home page. Access the financial statements from the most recent annual report for a foreign company with which you are familiar to complete this assignment. Required a. Determine the set of accounting rules (GAAP) the company uses to prepare its financial statements. b. Determine whether the company provides a set of financial statements comparable to the set of financial statements provided by U.S. companies (consolidated balance sheet,...
12) Which of the following is an entity of the Federal Reserve System? A) The U.S....
12) Which of the following is an entity of the Federal Reserve System? A) The U.S. Treasury Secretary B) The FOMC C) The Comptroller of the Currency D) The FDIC 13) The Federal Reserve Banks are institutions since they are owned by the A) quasi-public; private commercial banks in the district where the Reserve Bank is located B) public; private commercial banks in the district where the Reserve Bank is located C) quasi-public; U.S. Treasury D) public; U.S. Treasury 14)...
Which of the following statements explains why borrowing from the public by the federal government to...
Which of the following statements explains why borrowing from the public by the federal government to pay for it's debt is not inflationary? A. Borrowing from the public actually offsets the increase in government spending by increasing household and or business spending. B. Borrowing from the public actually offsets the increase in household spending by reducing business spending. C. Borrowing from the public actually offsets the increase in business spending by reducing household spending. D. Borrowing from the public actually...
American companies can borrow funds? a. only in foreign financial markets. b. only in U.S. financial...
American companies can borrow funds? a. only in foreign financial markets. b. only in U.S. financial markets. c. only from the U.S. government. d. in both U.S. and foreign financial markets.
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation....
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation. B. printing additional currency. C. borrowing from the public. D. raising property taxes. E. raising sales taxes. 4. According to long-run projections, under current law, A. federal government spending as a percentage of GDP will rise gradually but substantially in the next several decades. B. federal taxes as a percentage of GDP will rise gradually but substantially in the next several decades. C. the...
The government body that has oversight responsibilities for all public companies traded on U.S. stock exchanges is A. The Securities and Exchange Commission (SEC) Congress C. The American Institute of Certified Public Accountants (AICPA) D. Public Company Oversight Board (PCAOB) B.
36. The Federal Reserve System in the U.S. has the greatest control over a. The Federal Funds rate. b. The Discount rate. c. The consumer loan rate. d. All of the above e. None of the above 37. Suppose the U.S. Treasury issues and sells $100 million of U.S. government securities (bonds) to the public. How will this affect the money supply! the money supply will increase. b. the money supply will decrease. c. the money supply will be unaffected....
Which of the following statements is true when considering the expenditures of the U.S. federal government? O A. The expenditures are used for entitlements. B. The expenditures are used for investment in the country's infrastructure. C. The expenditures are used for the purchases of goods and services by the federal government. D. The expenditures are used for all these purposes. select your answer.
M7: Assignment Many non-U.S. companies make annual reports available on their corporate Internet home page. Access the financial statements from the most recent annual report for a foreign company with which you are familiar to complete this assignment. Required a. Determine the set of accounting rules (GAAP) the company uses to prepare its financial statements. b. Determine whether the company provides a set of financial statements comparable to the set of financial statements provided by U.S. companies (consolidated balance sheet,...
12) Which of the following is an entity of the Federal Reserve System? A) The U.S. Treasury Secretary B) The FOMC C) The Comptroller of the Currency D) The FDIC 13) The Federal Reserve Banks are institutions since they are owned by the A) quasi-public; private commercial banks in the district where the Reserve Bank is located B) public; private commercial banks in the district where the Reserve Bank is located C) quasi-public; U.S. Treasury D) public; U.S. Treasury 14)...
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