Which One of the Following Best Describes the Primary Intent

question 17

Multiple Choice

Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?

• A)Increase the costs of going public
• B)Increase protection against corporate fraud
• C)Limit secondary issues of corporate securities
• D)Decrease the number of publicly traded firms
• E)Increase the number of firms that "go dark"

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Definitions:

Big State University

A hypothetical or generic large public university often used in academic examples.

Tuition

The fee charged for instruction or education, typically by an educational institution such as a school or university.

Disposable Personal Income

Funds available to families for saving or spending after subtracting income taxes.

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, used for investment or paying off debt.