Explain how the matching concept applies in this situation. Why are adjusting entries necessary? Why aren't all transactions recorded in the general journal? Describe the filling deadline for form 10-K. Identify the usual forms of a business entity and describe the ownership characteristic of each. Why would the use of insider information be of concern if the market is efficient? Considering the EMH, it is best if financial disclosure is made in the body of the financial statements. Comment. Considering the EMH, how could abnormal returns be achieved? Under Sarbanes-Oxley, the auditing firm will include which two reports with the audited statements? Under Sarbanes-Oxley, management must include what report with the audited statements? Private compares are not under Sarbanes-Oxley. Why do some private companies follow the law? Indicate the two approaches to presenting consolidated statements. Describe how a company could be required to consolidate another company in which it has no or minor voting stock. Consolidation rules are similar between countries. Comment