According to the Sarbanes-Oxley legislation, current changes to, or waivers of codes of ethics should be disclosed in:
a. Form 10-K.
b. Form 1120.
c. Form 8-K.
d. Form 10-Q.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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In terms of a foundation and framework for ethical guidelines, hedonism:
A) involves maximizing pleasure and minimizing pain B) offers a version of philosophy based on the Golden Rule, which means do unto others what you would have them do unto you C) involves balancing a variety of urges throughout a person's life D) offers guidelines regarding right and wrong as well as what is acceptable and what is not acceptable, within a geographic area
Firms using the direct approach for the statement of cash flows must also present a reconciliation of cash flow from operations to net income
Indicate whether the statement is true or false