Which of the Following Statements Is True of Civil Cases

question 14

Multiple Choice

Which of the following statements is true of civil cases?

• A) They typically involve a representative of government attempting to prove the wrong committed against society and seeking to have the wrongdoer punished by the court system.
• B) They typically involve a request for damages or other appropriate relief that does not involve punishment of the wrongdoer.
• C) They typically include matters that involve the regulation of society as opposed to individuals interacting.
• D) They typically include matters that involve the interpretation and application of either the federal or state constitutions.
• E) They typically include legal principles that apply to government agencies, bureaus, boards, or commissions.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense in the income statement.

Discount Period

A designated time frame during which a discount is applicable on a payment or transaction.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecorded income or expenses for that period.

Interest Payable

A liability account showing the amount of interest expense that has accrued but not yet been paid to creditors.