Under Sarbanes-Oxley, Which of the Following Is True

question 98

Multiple Choice

Under Sarbanes-Oxley, which of the following is true?

• A)Companies must have a separate code of ethics for financial reporting.
• B)Boards of directors are not subject to the act's provisions.
• C)The act does not cover publicly traded companies.
• D)Both b and c

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Definitions:

Activity-based Costing

Activity-based costing is an accounting method that assigns costs to products based on the activities they require.

Overhead Cost

General expenses related to the day-to-day operations of a business that cannot be directly linked to a specific product or service.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate allocation of costs to products.

Overhead Cost

Expenses related to the operation of a business that cannot be directly linked to a specific product or service.