The Fact That a Person Suddenly Has a Lot of Money

question 30

Multiple Choice

The fact that a person suddenly has a lot of money a short time after a robbery of a nearby bank and refuses to explain where the money came from:

• A)creates an inference that the person obtained the money from the robbery.
• B)creates an inference that the person obtained the money legally.
• C)creates a presumption that the person is guilty of robbery.
• D)creates a presumption that the person obtained the money legally.

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Definitions:

Return on Assets

A measure of how effectively a company is using its assets to generate earnings.

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.

Balance Sheet

An accounting statement that itemizes the total assets, liabilities, and equity of shareholders at a defined date.