"Benefit of Clergy" Is a Way for Judges to Exercise

question 53

True/False

"Benefit of clergy" is a way for judges to exercise lenience that was used in England and continues to be used in
U.S. courts today.

---

Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is gaining global acceptance.

Deferred Taxes

Taxes applicable to income that has been accrued but not yet paid, due to differences between accounting and tax legislation.

Installment Sales

A method of sale where the buyer makes payments towards the total sale price in installments over time, while the seller recognizes revenue as payments are received.