Ranger Pool Company Is a Sole Proprietorship

question 124

Multiple Choice

Ranger Pool Company is a sole proprietorship.Ranger contributed $40,000 of cash in exchange for capital.Which of the following accounts will be credited?

• A) Ranger, Withdrawals
• B) Cash
• C) Ranger, Capital
• D) Accounts Payable

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Definitions:

Furman V. Georgia

A landmark Supreme Court case in 1972 that struck down all capital punishment laws in the U.S, leading to a temporary moratorium on the death penalty.

Two-Stage Trial

A legal process divided into two main phases: the determination of the defendant's guilt or innocence and, if found guilty, the subsequent sentencing phase.

Capital Cases

Legal proceedings involving crimes punishable by the death penalty or other sentences of life imprisonment without parole.

Exclusionary Rule

The Exclusionary Rule is a legal principle in the United States that prevents evidence collected in violation of the defendant's constitutional rights from being used in a court of law.