Miguel Reprogrammed a Cellular Telephone So That the Calls Were

question 42

Multiple Choice

Miguel reprogrammed a cellular telephone so that the calls were improperly charged to another account.Which statute has he violated?

• A)The federal Wire and Electronic Communications Interception Act.
• B)The federal Access Device Fraud Act.
• C)The federal Identity Theft and Assumption Deterrence Act.
• D)Only a state statute, the Telephone Fraud Act, since there is no federal legislation related to this problem.

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Definitions:

Maturity Date

The date on which a financial obligation, such as a note, bond, or loan, becomes due and is to be paid off.

Notes Payable

A written agreement or promissory note requiring the borrower to repay the principal amount along with interest within a specified period, representing a liability on the balance sheet.

Accounts Payable

Liabilities of a company that represent amounts owed to creditors for goods and services received but not yet paid for.

Journal Entry

A record in the books of account that represents a financial transaction.