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CASE 4.2
Adam is a 16-year-old who has a history of strange behavior. He is now being homeschooled by his mother because he has a difficult time relating to his peers. His psychologist has diagnosed him with bipolar disorder. One afternoon, Adam goes to the high school that he once attended. He brings his father's revolver and attempts to shoot a few of his former classmates and a teacher. He misses all of his targets and flees the school. He is later apprehended in his home when the principal is able to identify him through the school's video surveillance.
-Adam tells his attorney he should not be responsible for these charges because he was drunk when he went to the school to commit these offenses and that he did not know what he was doing. Under which circumstance would Adam possibly have a legitimate defense of intoxication
Voting Stock
Shares that give the shareholder voting rights in a company's corporate decisions.
Consolidated Stockholders' Equity
The total amount of equity attributable to shareholders of the parent company and its subsidiaries after eliminating intercompany transactions and balances.
Percentage Allocation Method
A method used in accounting and finance to distribute amounts across various accounts or entities based on predetermined percentages.
Income Tax Expense
The amount of money that a company owes in taxes based on its taxable income.
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