QUESTION 15 2 points Save Answer Based on our class discussion, which of the following best completes the statement "The Sarbanes-Oxley Act of 2002..." A. Provided the requirement and funding for IASB to provide the online codification database for US GAAP. B. Requires the FASB to release exposure drafts to the public for feedback on prospective new accounting rules. C. Required the SEC to direct the FASB to take steps to converge GAAP and IFRS guidance. D. Requires the CEO and CFO of a company to certify the accuracy of the financial statements with the understanding that they may be held personally criminally liable if the financial statements are found not to be accurate. QUESTION 16 2 points Save Answer MidAmerica Inc, a manufacturing company, acquires a target company whose holdings include "vacant" land "planned for" use as a site for a manufacturing facility, but could be developed as a site for residential use. The fair value of the land if used for a manufacturing operation, is determined to be $2 million. The fair value of the land as a vacant site for residential use, is determined to be $17 million. What is the fair value of the land for financial reporting purposes? A. $15 million B. $2 million C. $8 million D. $17 million