The US Federal Sentencing Guidelines Were Introduced in 1991 to

question 20

Multiple Choice

The U.S. Federal Sentencing Guidelines were introduced in 1991 to

• A) help judges formulate sentences.
• B) avoid sentences that are too light.
• C) signal potential sentences to executives and directors.
• D) encourage executives and directors to avoid environmental damage.
• E) All of these are correct.

---

Definitions:

Gain on Sale

The financial benefit that occurs when the selling price of an asset exceeds its original purchase price.

Loss on Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the books, resulting in a financial loss.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing its decrease in value.

Gain on Sale

The profit earned from selling an asset for more than its book value or purchase price.