The role of the Public Company Accounting Oversight Board is to: Multiple Choice
a. Advise investors and creditors of companies’ future profit potential.
b. Develop accounting and reporting standards in the United States.
c. Ensure that auditors follow a strict set of guidelines when conducting their audits.
d. Assist company management in the case of financial default on debt.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

You cannot make copies of media, even as a personal backup, without violating copyright. true

Each state’s organizational structure is guided by the federal government.true or false?