Question
Not recording a transaction may be illegal. The problem is at both the state and federal tax authority levels. Also, according to the Foreign Corrupt
Not recording a transaction may be illegal. The problem is at both the state and federal tax authority levels. Also, according to the Foreign Corrupt Practices Act, publicly traded companies are required by law to record transactions in the books and records, or management may face imprisonment.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
