Why Is a No Contest Plea Beneficial to a Defendant

question 27

Multiple Choice

Why is a no contest plea beneficial to a defendant?

• A)The defendant could be found guilty but would not receive a conviction.
• B)The defendant could be found guilty but would not be sent to prison.
• C)The defendant could be liable in a civil court but not in criminal court.
• D)The defendant could be found guilty in a criminal court but can avoid civil liability for the acts of which he is accuseD.

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Definitions:

Adjusted

Modified or changed for a more accurate or fair representation.

Final Trial Balances

The summary of all ledger accounts after adjusting entries are made, used to prepare financial statements at the end of an accounting period.

Accounting Cycle

The series of steps in processing financial transactions, from the initial recording to the preparation of financial statements.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.