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Chelsea,a 22-year-old,is addicted to heroin.She frequently steals items to resell in order to get money to support her addiction.One day she takes her grandmother's $825 Social Security check and signs the grandmother's name on the back.She then gives the check to Freddie,her boyfriend,who agrees to try to cash it.At the bank,the teller becomes suspicious of Freddie when he presents the check.The teller refuses to cash the check and summons the bank security guard.The guard detains Freddie until the police arrive.The most serious offense,if any,Freddie has committed is:
Payment
The transfer of money, goods, or services in exchange for a product, service, or to fulfill a legal obligation.
Depreciation
A method of accounting that distributes the expense of a physical asset across its lifespan.
Fixed Asset
Long-term tangible property that a firm owns and uses in producing its income and is not expected to be consumed or converted into cash in short-term.
Market Value
Market value is the current price at which an asset or service can be bought or sold in the open market.
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