Which of the Following Statements Is Not Correct

question 12

Multiple Choice

Which of the following statements is not correct?

• A)At common law a child under 7 years of age is incapable of criminal guilt.
• B)There is a presumption that a child is incapable of a crime where they are between 7 and 14 years of age.
• C)A child over the age of 14 years incurs criminal liability in the same way as an adult.
• D)There is a rebuttable presumption that a child over the age of 14 years is incapable of committing a crime.

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Definitions:

Total Assets

The cumulative amount of all resources controlled by an entity from which future economic benefits are expected to flow to the entity.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and not expected to be converted to cash in the short term.

Current Liabilities

Short-term financial obligations that are due typically within one year or within a normal operating cycle.

Non-Eligible Dividends

are dividends from a corporation that do not qualify for the enhanced dividend tax credit in the recipient's hands, often because the issuing corporation pays tax at a rate less than the standard corporate rate.