Laws that are enacted by legislative bodies forbidding conduct that is considered harmful to society and that is subject to punishment are referred to as
a. moral law.
b. civil law.
c. Roman law.
d. criminal law.
D
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An observation that does not fit a model is called
A. a martingale. B. an anomaly. C. a random walk. D. a beta coefficient.
Your client left the cash receipts journal open after year-end for an extra day and included January 1 cash receipts in the 12/31/XX totals. All of those cash receipts were due to cash sales. Assuming the client uses a periodic inventory system with a 12/31/XX count of the physical inventory, which of the following is most likely to be true relating to the year XX financial statements?
A. Sales are understated. B. Inventory is overstated. C. Accounts receivable are understated. D. Net income is overstated.
Watch Tower Inc reported net income of $950,000. Cash from operations:
A) will always be more than $950,000. B) will always be less than $950,000. C) will be equal to $950,000. D) can not be determined without more information.
Trials consist of:
A) Jury selection. B) Opening statements. C) Jury instructions. D) All of the above.