A Specified State of Mind, or Intent, Is Not Necessary

question 44

True/False

A specified state of mind, or intent, is not necessary to establish criminal liability.

---

Definitions:

Decrease Stockholders' Equity

A reduction in the amount of capital contributed by shareholders plus retained earnings.

Financial Statement

A written record that conveys the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, providing insight into its operational efficiency.

Received Utility Bill

An invoice received for the consumption of utility services such as electricity, water, or gas.