Which of the Following Is True About the Nature of Corporate

question 63

Multiple Choice

Which of the following is true about the nature of corporate crimes?

• A) they almost always involve uneducated workers trying to please by engaging in auditor fraud
• B) they enable the achievement of larger crimes than what can be accomplished by individuals acting alone
• C) they are punished more often in North America than anywhere else in the world
• D) they most often involve insider trading that is difficult to track

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Definitions:

Unearned Rent Revenue

Income received from tenants for periods of occupancy that have not yet occurred, classified as a liability until earned.

Rent Revenue

Income earned from leasing out property or other assets to others.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company.