Multiple Choice When a middle manager misplaces confidential documents. When an employee leaves their computer unlocked. When a CFO uses the company plane for personal reasons. When a CEO hires a COO who proves to be a poor fit for the agency. Deciding which long-term investment a firm should make is a decision. Multiple Choice capital structure cost of capital capital budgeting capital constraints working capital management A firm that opts to "go dark" in response to the Sarbanes-Oxley Act: Multiple Choice ceases to exist. must continue to provide a detalled list of internal control deficiencies on an annual basis. can provide less information to its shareholders than it did prior to "going dark". can continue publicly trading its stock but only on the exchange on which it was previo ylisted. must continue to provide audited financial statements to the public. Accrual accounting requires that: Multiple Choice Expenses are recognized at the end of each year. Expenses are all amortized over time. Expenses are recognized at the time they occur. Expenses are recognized at the time of a sale