Plato Works for Quirky Squirters,Inc

question 41

Multiple Choice

Plato works for Quirky Squirters,Inc.During work hours,Plato "steals" his employer's computer time to start up his own business,Rowdy Drenchers.This is

• A)burglary.
• B)robbery.
• C)larceny.
• D)no crime.

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Definitions:

U.S. GAAP

United States Generally Accepted Accounting Principles, the collection of rules and procedures designed to ensure consistency and transparency in financial reporting.

Estimated Cost

A projection or approximation of the future cost associated with a product, service, project, or investment, often used for budgeting purposes.

Provision

A provision is an amount set aside in the financial statements to cover a future liability or loss.

Dollar Amount

A specific quantity of money expressed in the currency of the United States, represented by the dollar symbol ($).