Expert Answers

(TCO 4) Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note.

(TCO 5) What is the purpose of the statement of cash flows? List the three major categories of cash flows and give an example of a cash transaction for each category.

What are the key provisions of the Public Company Accounting Reform and Investor Protection (Sarbanes-Oxley) Act of 2002?