Which Term Refers to a More Serious Crime Punishable by at Least

question 36

Multiple Choice

Which term refers to a more serious crime punishable by at least one year in prison?

• A)capital offense
• B)misdemeanor
• C)civil infraction
• D)felony

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Definitions:

Note Duration

The length of time until a note payable or receivable is due, which determines its repayment schedule.

Face Value

The nominal or original value of a financial instrument as stated by the issuer, such as the amount paid at maturity for bonds.

Allowance for Doubtful Accounts

An accounting technique used to estimate the amount of receivables that may not be collectible, offering a more accurate reflection of the expected revenue.

Reinstating

The act of restoring someone or something to their former position or condition.