Which of the Following Statements Is Incorrect

question 21

Multiple Choice

Which of the following statements is incorrect?

• A) It is possible for a legal claim to be immoral.
• B) All laws directly reflect moral claims.
• C) It is possible for a moral and legal claim to agree.
• D) Even where the law normally does not hold, moral values still do.

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Definitions:

Unrealized Gain or Loss

The increase or decrease in the value of an investment that has not yet been sold and turned into cash.

Equity Section

The portion of a company’s balance sheet that represents the owners' or shareholders' interest in the company.

Equity Method Investments

Accounting technique used by a company to record its investment in another company when it has significant influence but does not have a majority control.

Cash Dividends

Payments made by a corporation to its shareholders from earnings, typically on a quarterly basis, in the form of cash.