Agreement Between Two or More Persons to Commit a Crime

question 27

Multiple Choice

Agreement between two or more persons to commit a crime or to carry out a legal act in an illegal manner is called __________.

• A)conspiracy
• B)embezzlement
• C)extortion
• D)obstruction of justice

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Definitions:

Confirmed

Verified or validated information, often used in the context of financial transactions or agreements.

Fresh Start Accounting

An accounting method used by companies emerging from bankruptcy that allows for the restatement of assets and liabilities at fair market value.

Deferred Income Taxes

Taxes that are assessed on income in one period but are not paid until a future period, often due to timing differences in recognizing revenue and expenses for tax and accounting purposes.