Kahan Argues That an Intermediate Sanction Will Be More Acceptable

question 13

Multiple Choice

Kahan argues that an intermediate sanction will be more acceptable to the public if

• A)a shaming penalty is attached.
• B)defendants must also perform community service.
• C)defendants must also pay a fine.
• D)all of the above

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Definitions:

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Year 1

Refers to the first year of operation for a business or the first year of a specific reporting period.

Contra-asset

A contra-asset account is a type of asset account where its balance is a negative figure that offsets the balance of its corresponding asset account.

Liability

A financial obligation or debt owed by a company to another entity, which is expected to be settled through the transfer of assets or services.