Which of the Following Is Not True of a Felony

question 27

Multiple Choice

Which of the following is not true of a felony crime?​

• A) ​A felony is more serious than a misdemeanor.
• B) ​A felony is punishable by death or an imprisonment of more than one year.
• C) ​A felony is never punished by imprisonment.
• D) ​Felony defendants must always be in court for their trials.

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Definitions:

Cost Method

An accounting method used to value an investment, where the investment is recorded at its cost and adjustments are only made when there are declines in value or realized returns.

Equity in Earnings

The share of the profits or losses from investments in associates that a company accounts for using the equity method.

FVTPL

Fair Value Through Profit or Loss, a classification under International Financial Reporting Standards for financial assets held for trading or designated upon initial recognition as measured at fair value, with changes in fair value recognized in profit or loss.

FVTOCI

stands for Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are measured at fair value with fluctuations recorded in other comprehensive income.