The Purpose of Parole Is to Allow Inmates to Serve

question 24

True/False

The purpose of parole is to allow inmates to serve the last part of their sentence in the community under supervision in order to readjust to freedom.

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Definitions:

Dividends Payable

A liability recorded on a company's balance sheet representing the amount of dividends it owes to shareholders.

Retained Earnings

Profits that a company has decided to keep and reinvest in the business, rather than distribute to shareholders as dividends.

Contra-stockholders' Equity

An account that reduces the total amount of stockholders' equity, such as treasury stock or accumulated deficits.

Treasury Stock

Shares that were once a part of the float and sold but have since been repurchased by the issuing company and held in its treasury.