Question 1: The stockholders equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock’s per share market value on April 2 is $20 (prior to the dividend).
Common stock $5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding$1,000,000 Paid-in capital in excess of par value, common stock 600,000 Retained earnings 833,000 Total stockholders’ equity$2,433,000
Question2 : Provide an example or two of where you believe that separation of duties within your workplace would be beneficial? Why
Question3: Does anyone have any experience with workplace fraud or dishonesty? Do you believe that Sarbanes-Oxley Act of 2002 (SOX) could have deterred the issue?