If Beginning Capital Was $25,000, Ending Capital Is $37,000, and the Owner's

question 87

Multiple Choice

If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000, the amount of net income or net loss for the period was:

• A)net loss of $35,000.
• B)net income of $35,000.
• C)net income of $14,000.
• D)net loss of $14,000.

Comprehend the doctrine of responsible corporate officer and its impact on corporate criminal liability.

Understand the various defenses available to criminal defendants and the rationale behind them.

Differentiate between felony and misdemeanor classifications of crimes.

Identify the elements and types of robbery, burglary, and larceny.