When Is Failure to Come to the Rescue of Someone

question 47

Multiple Choice

When is failure to come to the rescue of someone in serious danger a crime in Canada?

• A) under any circumstance
• B) only when the person in danger communicates his/her plight
• C) only when there is a pre-existing legal duty to act,such as a parent failing to come to the rescue of his/her small child
• D) only when there is a pre-existing duty to act and an emergency call to officials (like 911)is not available

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Definitions:

Transaction

An economic event or condition that directly changes an entity's financial condition or its results of operations.

Debit And Credit

Fundamental concepts in accounting that represent the increase or decrease in an account balance; debits increase asset or expense accounts, while credits increase liability, equity, or revenue accounts.

Chart Of Accounts

An organized list of all accounts in a company's financial system, which is used to classify transactions.

Financial Statement Order

The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.