Net-Widening Occurs When Diversion Has the Unintended Result of Placing

question 8

True/False

Net-Widening occurs when diversion has the unintended result of placing more, rather than fewer, youth under involuntary control in the community than would have been the case without a diversion policy in place.

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Definitions:

Sales Price

The amount of money for which a product or service is sold in the market.

Revenue In Full

The total amount of income generated by the sale of goods or services before any deductions are made.

Percentage-Of-Completion

An accounting method that recognizes revenues and expenses in proportion to the completion of a contracted work or project.

Economic Substance

The underlying economic reality of a transaction which determines its legal and tax implications, regardless of its form.