Refer to the Following Table

question 99

Multiple Choice

Refer to the following table.Assume that Keisha keeps quiet.Larry will spend ________ years in jail if he confesses,and ________ years in jail if he also keeps quiet.

• A) 12; 1.5
• B) 1.5; 12
• C) 0; 12
• D) 12; 12
• E) 0; 1.5

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Definitions:

Liability

Financial obligations or debts a company owes to others.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim on the company's assets.

Withdrawal

A withdrawal refers to the act of removing funds from a bank account, investment, or trust.

Expense

Expense refers to the outflow of money or other assets, incurred in the process of generating revenue, including costs like rent, salaries, and utilities.