Before the Ford Pinto Case, It Was an Infrequent Occurrence

question 13

True/False

Before the Ford Pinto case, it was an infrequent occurrence for corporations to be indicted for homicide.

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Definitions:

Debit

An accounting entry that represents an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Credit

An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet, depending on the transaction.

Cash Account

An account recording all transactions involving cash, including receipts and payments.

Credit

A bookkeeping entry that represents a decrease in assets or an increase in liabilities, or it can refer to the provision of goods or services in exchange for future payment.