Asked by eliza mason on May 11, 2024
Verified
Myra,the assistant accountant at Multibusiness,Inc. ,decides to transfer $5,000 from a Multibusiness account to her personal account in order to pay some personal medical expenses.Myra plans to repay the money as soon as she receives reimbursement from her health insurance.Myra has committed:
A) larceny.
B) forgery.
C) embezzlement.
Embezzlement
The act of wrongfully appropriating funds or property entrusted to one's care but owned by someone else.
Medical Expenses
Costs incurred for healthcare services, treatments, and procedures to maintain one's health.
Larceny
The unlawful taking of personal property with the intent to deprive the rightful owner of it permanently.
- Acquire knowledge about the fundamental ideas and variances among different categories of theft and deception offenses.
Verified Answer
BB
Belen BarajasMay 12, 2024
Final Answer :
C
Explanation :
Myra has committed embezzlement by transferring company funds to her personal account without the company's permission or knowledge. Although she plans to repay the money, her actions are still considered theft, as she has appropriated company funds for personal use.
Learning Objectives
- Acquire knowledge about the fundamental ideas and variances among different categories of theft and deception offenses.