Which of the Following Is NOT a Step in Calculating

question 54

Multiple Choice

Which of the following is NOT a step in calculating a fine sentenced by the FSGO?

• A)The culpability score
• B)The total fine amount
• C)The determination of the base fine
• D)The determination of the mitigating factors

---

Definitions:

Overvalued

A term used to describe an asset or security whose price is believed to be higher than its intrinsic value.

Consolidated Balance Sheet

A consolidated financial report that shows the assets, liabilities, and shareholders' equity of a parent company along with its subsidiaries as though they are one entity.

Inventory

The components, items in the process of completion, and completed products which form part of a company's assets that are available or will soon be available for sale.

Fair Value

The estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.