What Does RICO Prohibit

question 36

Multiple Choice

What does RICO prohibit

• A) using criminal money to purchase a legitimate business
• B) acquiring a business through criminal activity
• C) operating a business through criminal activity
• D) all of these answers are correct

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Definitions:

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future.

Depreciation Expense

The allocated cost of an asset over its useful life, representing wear and tear, decay, or decline in value.

Note Receivable

A financial asset representing a written promise to receive a certain amount of money at a future date.

Interest Earned

The amount of income earned from depositing funds or investing in interest-bearing financial instruments.