Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

Financial Accounting

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

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Multiple Choice

Which of the following was a significant business ethical issue in the 1970s?

Widespread adoption of blockchain technology

Implementation of the Sarbanes-Oxley Act

Mandatory environmental sustainability reporting

Bribery of foreign officials by U.S. corporations

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Verified step by step guidance

Understand the context of the question: The problem is asking about a significant business ethical issue in the 1970s, which requires knowledge of historical events and ethical challenges during that time.

Review the options provided: Analyze each option to determine whether it aligns with the timeline and ethical concerns of the 1970s.

Option 1: Widespread adoption of blockchain technology. Blockchain technology was not developed or widely adopted in the 1970s, so this option is not relevant.

Option 2: Implementation of the Sarbanes-Oxley Act. The Sarbanes-Oxley Act was enacted in 2002, far after the 1970s, making this option incorrect.

Option 3: Mandatory environmental sustainability reporting. While environmental concerns began to emerge in the 1970s, mandatory reporting was not a significant ethical issue during that time. The correct answer is bribery of foreign officials by U.S. corporations, which was a major ethical concern in the 1970s and led to the Foreign Corrupt Practices Act of 1977.