During His Confirmation Hearings, Clarence Thomas Had to Defend Himself

question 28

Multiple Choice

During his confirmation hearings, Clarence Thomas had to defend himself against charges of:

• A)bribery.
• B)income tax evasion.
• C)corruption.
• D)sexual harassment.
• E)treason.

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Definitions:

Assets

Resources owned by a company that have economic value and can be used to meet its future obligations.

Liabilities

are legal financial debts or obligations that arise during the course of business operations.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership interest of shareholders or partners.

Liabilities

Financial obligations or debts owed by a business to outsiders, such as loans, accounts payable, or mortgages.