Accounting 2

Project 2  This one is APA format with references about 500 to 700 words It sometimes seems like there is always an accounting scandal on the news. There have been plenty of investigations into the different businesses that had the accounting scandals. When the investigations are finished, the findings almost always show that an accounting gimmick was used to manipulate the financial statements.Research the Sarbanes-Oxley Act and prepare a presentation that pertains to intentional misrepresentation of financial statements, and describe the maximum penalty that the chief executive officer (CEO) and the chief financial officer (CFO) could face.All references must be cited in proper APA format.   Discussion 3 this is a discussion 500 to 700 words. no APA but references included Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.The general manager of a business encounters many different types of business transactions. Provide an example for each of the following transactions that would describe the effect on the accounting equation. Each situation is independent of the other situations.The transaction would increase an asset account and increase a liability account.The transaction would decrease an asset account and decrease the owner’s equity account.The transaction would increase an asset account and increase the owner’s equity account.The transaction would decrease an asset account and decrease a liability account.The transaction would increase one asset account and decrease another asset account.The transaction would decrease one liability account and increase another liability account.