The Gap in the Minimum Mandatory Sentence for Crack Versus

question 23

Multiple Choice

The gap in the minimum mandatory sentence for crack versus powder cocaine was reduced by the Fair Sentencing Act of 2010 to a ratio of:

• A)47 to 1
• B)100 to 1
• C)just over 1 to 1
• D)7 to 1
• E)18 to 1

Journalize transactions related to acquisitions, upgrades, and expenditures of fixed assets.

Identify expenditures that are chargeable to specific asset categories and account for them appropriately.

Understand the financial statement implications of gains, losses, and expenses related to fixed assets and intangible assets.

Understand the difference between capital expenditures and revenue expenditures.