Jenna Works for the Innocence Project

question 29

Multiple Choice

Jenna works for the Innocence Project. She is currently working on a case where her client states that she was wrongly convicted. Jenna has been reviewing the court transcripts and has determined that the prosecutor seems to have withheld information that was pertinent to the case. Jenna's client was given a 20-year sentence for murder. She has reduced that sentence by participating in programs and through her positive behavior while incarcerated.
-Jenna's client was given an incarceration rate of 20 years.She was most likely sentenced under _________ sentencing.

• A) ​indeterminate
• B) ​determinate
• C) ​presumptive
• D) ​mandatory

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Definitions:

Refund Liability

An obligation to return funds received from customers in the event of product returns or dissatisfaction, represented as a liability on the balance sheet.

Deferred Revenue Account

An account on a company's balance sheet that represents payment received from customers for goods or services not yet delivered or completed.

Contra Asset Account

An asset account where its balance is a negative figure that is subtracted from the balance of its related accounts on the balance sheet.

Estimated Inventory Returns

An accounting estimation of goods that will be returned by customers or cannot be sold, affecting inventory valuation on the balance sheet.