An Intentional Tort Is a Willful Act That Results in Injury

question 77

True/False

An intentional tort is a willful act that results in injury.

---

Definitions:

Revenue Recognition

The accounting principle that dictates when a company should acknowledge income, typically when a product or service has been delivered or rendered.

Right Of Return

A policy that allows customers to return purchased goods under specified conditions.

Special Purpose Entity

A legal entity created for a specific objective, often to isolate financial risk or for securitization purposes.

Completed Transaction Method

An accounting approach where revenue and expenses are recognized only when a transaction is fully completed.