Which of the Following Elements Must Be Proved to Judge

question 16

Multiple Choice

Which of the following elements must be proved to judge a situation as fraud?

• A)The injured party suffered a loss of at least $25,000.
• B)The misrepresentation was unintentional.
• C)The injured party ignored the misrepresentation.
• D)The misrepresented facts resulted in injury.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members from earnings, typically in the form of cash.

Net Income

The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

Indirect Method

A financial reporting approach used primarily for cash flow statements that adjusts net income for changes in non-cash accounts to calculate cash flow from operating activities.

Cash Dividends

Payments made by a company to its shareholders out of its profits or reserves.