Tracey Has Been Charged with Murder and Is Scheduled to Go

question 62

Multiple Choice

Tracey has been charged with murder and is scheduled to go to trial. She cannot afford to post bail, and has had to remain in jail awaiting trial. As one in the unfortunate position of being detailed in jail awaiting trial, she is ____________________ than those who can afford bail.

• A)more likely to plead guilty
• B)more likely to be convicted
• C)more likely to receive a longer sentence
• D)All of these are correct

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Definitions:

Functional Currency

The functional currency is the currency of the primary economic environment in which an entity operates and conducts its business transactions.

Balance Sheet Items

Components that make up a balance sheet, including assets, liabilities, and shareholders' equity.

Historic Rate

The exchange rate used to convert foreign currency transactions to the reporting currency at the date of the transaction, for accounting purposes.

Income Statement Items

Elements found in the income statement, including revenues, expenses, gains, and losses, which together determine the net income of a company.