Which of the Following Elements Is NOT True Regarding a Confession

question 14

Multiple Choice

Which of the following elements is NOT true regarding a confession?

• A) The confession can be changed in ink, with everyone's initials.
• B) A written confession must be completely voluntary.
• C) A written confession must contain elements of the fraudster's intent.
• D) A written confession should be drafted by the confessor.

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Definitions:

Net Income

Signifies the net income of a corporation following the subtraction of all costs and tax obligations from the overall revenue.

Inventory Turnover

A measure showing the frequency at which a company's inventory is sold and replenished within a given timeframe.

Days in Inventory

A financial metric that calculates the average number of days a company holds inventory before it is sold.

Consigned Goods

Items that are given to a third party to sell but remain the property of the seller until sold.