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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 Chelsea has committed is:
Calendar Year
A one-year period that begins on January 1 and ends on December 31, used for most general and financial purposes.
Fiscal Year
A 12-month period that a company or government uses for accounting purposes and preparing financial statements.
Cash Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.
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A set of accounting standards, principles, and procedures that companies use to compile their financial statements.
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