Misrepresenting a Fact in a Way That Causes a Victim

question 47

Multiple Choice

Misrepresenting a fact in a way that causes a victim to willingly give his or her property to the wrongdoer,who then keeps it,is known as:

• A)factual pretense
• B)false pretense
• C)naïve pretense
• D)opportunistic pretense

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Definitions:

Bonds Payable

A liability account that records the amount owed by an entity to holders of its bonds, to be repaid at a specified future date.

Straight-Line Method

An accounting method for calculating the depreciation of an asset, distributing its cost evenly across its useful life.

Interest-Bearing Note

A debt instrument that pays periodic interest payments to the holder until maturity, at which point the principal is repaid.

Bond Debenture

A type of unsecured debt instrument issued by a company to raise long-term funds, without collateral backing.