Which of the Following CANNOT Be Termed as a Larceny

question 8

Multiple Choice

Which of the following CANNOT be termed as a larceny?

• A)Tom walks through an apple orchard and plucks an apple from the tree and eats it.
• B)Tom walks through an apple orchard and picks up an apple lying on the ground and eats it.
• C)Tom borrows Harry's convertible without permission to go to the supermarket and returns it within half an hour but with a dent in it.
• D)Tom borrows Harry's convertible without permission,goes for a joyride with his friends,and returns it hours later.
• E)Tom steals electricity from the power lines of an electric utility.

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Definitions:

Salary Allowances

Monetary benefits in addition to regular salary provided to employees, which may cover expenses such as housing, transportation, and medical expenses.

Partnership Net Income

The total profits earned by a partnership that are to be divided among partners in agreed-upon proportions.

Equity

The amount of funds contributed by owners (shareholders) plus the retained earnings (or losses), representing ownership interest in a firm.

Capital Balances

The amount of money that the partners or owners of a business have contributed or acquired through retained earnings.