The Section of Sarbanes Oxley That Provides for Fines and Imprisonment

question 35

Multiple Choice

The section of Sarbanes Oxley that provides for fines and imprisonment of up to 20 years to individuals who corruptly alter,destroy,mutilate,or conceal documents with the intent to impair the document's integrity or availability for use in an official proceeding,or to otherwise obstruct,influence or impede any official proceeding is:

• A) Title V - Analysts Conflicts of Interests
• B) Title VIII - Corporate and Criminal Fraud Accountability
• C) Title IX - White-Collar Crime Penalty Enhancements
• D) Title XI - Corporate Fraud and Accountability

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically calculated as a percentage of the principal.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the asset's loss in value due to wear and tear, age, or obsolescence.

Operating Activities

The cash flows related to the core operations of a business, including revenues and expenses.