Kimberly, the owner of Little Cinema, trusts Max to manage the theater's daily cash flow. One night, without Kimberly's knowledge or consent, Max takes and keeps $1,000 from the receipts. This is most likely
A) embezzlement

B) larceny.
C) robbery.
D) burglary.


A

Business

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Indicate whether the statement is true or false

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[The following information applies to the questions displayed below.]On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun uses the allowance method. On February 15, Year 2, one of Loudoun's customers failed to pay his $1,050 account and the account was written off. On April 4, Year 2, this customer paid Loudoun the $1,050.Which of the following correctly states the effect of Loudoun Company's February Year 2 entry to write off the customer's account? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.NA NA NANA NA NANAB.(1,050) NA (1,050)(1,050) NA (1,050)NAC.(1,050) (1,050) NANA NA NANAD.NA 1,050 (1,050)NA 1,050 (1,050)NA

A. Option A B. Option B C. Option C D. Option D

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Indicate whether the statement is true or false

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