Which of the Following Statements Is True of a White-Collar

question 49

Multiple Choice

Which of the following statements is true of a white-collar crime?

• A) It is usually committed for personal financial gain.
• B) It predominantly involves heavy use of violence and physical force.
• C) It excludes criminals of high socioeconomic status.
• D) It is based on personal revenge rather than material or property gains.
• E) It predominantly applies to offenses that occur outside a business or a professional setting.

---

Definitions:

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to check the equality of debits and credits and prepare for the next accounting period.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period.

Balance Sheet Account Balances

The values recorded in the accounts that appear on a company's balance sheet, representing assets, liabilities, and shareholders' equity at a specific point in time.

After Adjustments

Refers to figures or financial statements that have been modified to reflect changes or corrections to initial entries or accounts.