If Property Is ______,Any Police Search or Seizure of the Property

question 18

Multiple Choice

If property is ______,any police search or seizure of the property is not covered by the Fourth Amendment.

• A)left in plain view by the owner
• B)left in an open field by the owner
• C)abandoned by the owner
• D)All of the answers are correct.

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Definitions:

Inventory On Credit

This refers to inventory purchased by a company for which payment is deferred to a later date, typically impacting the accounts payable.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, also known as net earnings or net profit.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' share.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.