The Sarbanes-Oxley Act of 2002

question 12

Multiple Choice

The Sarbanes-Oxley Act of 2002

• A)has had the consequence that many foreign firms have de-listed in the U.S.exchanges and listed their shares on the London Stock Exchange and other European exchanges.
• B)has increased the pace of foreign firms listing their shares in the U.S.
• C)has increased the pace of foreign firms listing their shares in the U.S.and has also had the consequence that many foreign firms have de-listed in the U.S.exchanges and listed their shares on the London Stock Exchange and other European exchanges.
• D)all of the options

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Definitions:

Income Statement

A document detailing a firm's income, outlays, and profit over a given timeframe.

Balance Sheet

A financial statement that outlines an entity's assets, liabilities, and equity at a specific point in time.

Unearned Revenue

Money received by an entity for services not yet performed or goods not yet delivered.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership share of stockholders.