Under the Seriousness Rule of the UCR,If There Are Several

question 7

Multiple Choice

Under the seriousness rule of the UCR,If there are several crimes committed in one incident,

• A) only the most serious crime is counted .
• B) every crime is counted no matter how trivial
• C) only the least serious crime is counted
• D) only the indictable crimesare counted.

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Definitions:

Accrued

Refers to amounts that are recognized in the financial statements before the cash transactions occur, representing liabilities for goods and services received but not yet paid.

Routine Entry

Repeated and standard accounting entries made for recurring transactions within a business's financial records.

Expense

An outflow of cash or other valuable assets from a person or company to another entity in exchange for goods or services.

Deferral

Recognition of revenue or expenses in a period different from when the transaction actually occurred, usually related to prepaid expenses or unearned revenue.