"Good Time" Is a Reduction in Time Served by Prisoners

question 74

True/False

"Good time" is a reduction in time served by prisoners based on good behavior, conformity torules, and other positive actions. ​

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Definitions:

Regulatory Basis

A set of rules or principles established by government agencies or regulatory bodies that entities must follow.

AASB 136

The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.

Impairment

The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.