Each State Has Both

question 188

Multiple Choice

Each state has both:

• A) a criminal code and a friendly code
• B) a federal criminal code and a state criminal code
• C) a civil code and a free code
• D) a civil code and a law code
• E) a federal criminal code and a county criminal code

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Definitions:

Asset

Assets held by a company or person anticipated to yield economic advantages in the future.

Expense Payable

Obligations or liabilities to pay for goods or services received but not yet paid for.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity, representing a company's financial position.

Assets

Resources owned by a business or individual that are expected to provide future economic benefits.