Ricky Has Been Charged with Grand Theft for Stealing a $1,000

question 42

Multiple Choice

Ricky has been charged with grand theft for stealing a $1,000 diamond ring.The police investigator found the following:
· Mike claims he saw Ricky take the ring from a display case at a jewelry store;
· Nate, a clerk at the jewelry store, reported the ring missing two minutes after Ricky left the store;
· Owen, the owner of a pawn shop, claims Ricky tried to pawn a ring one hour after Nate reported it missing;
· Patty, Ricky's former girlfriend, claims she threw her engagement ring in Ricky's face when they broke up two years ago. Which item would be considered real evidence?

• A) Mike's testimony that he saw the theft occur.
• B) The ring that Ricky tried to pawn.
• C) Patty's testimony that Ricky gave her an engagement ring.
• D) Nate's testimony that the ring was not in the display case after Ricky left the store.

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Definitions:

Financial Statement Data

The quantitative information derived from a company's financial statements, depicting its financial performance, position, and cash flows over a period.

Ratio Analysis

A financial analysis technique that uses ratios derived from financial statements to assess a company's performance and financial health.

Negative Figure

A value less than zero, often indicated in financial statements to represent losses, deficits, or outflows.

Comparative Balance Sheets

Financial statements that provide a side-by-side comparison of a company's financial position at different periods.