Adam Is Fired from a Publishing Company for Sexual Harassment

question 55

Essay

Adam is fired from a publishing company for sexual harassment. In retaliation, Adam forces entry into the company warehouse and set numerous pipe bombs rigged on small propane tanks to ensure rapid spreading of flames. Each bomb has a timer set to go off at midnight. One of the warehouse employees is working late in a back room of the warehouse, but does not see Adam setting the bombs. Adam leaves the warehouse and drives to the airport where he boards a plane to develop a cover to enable him to claim that he was not in the area at the time of the fire. At midnight each bomb explodes igniting the propane tanks. Within minutes the entire structure is engulfed in flames. The warehouse employee never had a chance as he succumbed to the flames and noxious fumes. Additionally, the explosives created a power outage through a neighborhood including 5000 homes and business. Five other people died because of the lack of electricity required to keep life-saving equipment in operation. Investigators are able to identify Adam as the suspect based on recreation of the crime scene and piecing together all of the explosives, timers, and propane tanks. What charges will be filed against Adam? Since he was unaware that anyone was in the warehouse, will that influence his charges? What about the five people who died because of the power outage? Will Adam be charged with those deaths?

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Definitions:

Net Income

The residual financial benefit a company holds after reducing total income by all expenditures and tax payments.

Owner's Drawings Account

An account that tracks the funds withdrawn by the owner from the company for personal use.

Closing Entry

Journal entries used to transfer temporary account balances to permanent accounts and to reset the balances of temporary accounts to zero at the end of each accounting period.

Revenue Accounts

Accounts used to record the income generated from a company’s core operating activities.