According to Francis Ianni, Which of the Following Statements Concerning

question 55

Multiple Choice

According to Francis Ianni, which of the following statements concerning the black Mafia is true?

• A) Black Mafia members moved out of crime and into the American mainstream.
• B) The black Mafia became overly dependent on the drug trade and was unable to diversify its criminal activities.
• C) The black Mafia developed strong relations with white politicians.
• D) The black Mafia followed the trajectory of the Italian Mafia.

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Definitions:

Gain

The increase in value of an asset or decrease in liabilities resulting in an increase in owners' equity, except those relating to contributions from owners.

Fully Depreciated

The status of an asset whose entire cost has been expensed and has reached the end of its useful life according to accounting standards.

Gain on Disposal

The financial profit obtained from the sale of a fixed asset when the sale price exceeds the book value of the asset.

Loss on Disposal

This reflects the financial loss incurred when an asset is sold or disposed of for less than its recorded book value.