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What is the "phantom effect" or "residual deterrence" as named by criminologists?
Balance Sheet
A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
Income Statement
A financial document that reports a company's revenues, expenses, and profits over a specific period.
Liabilities
Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.
Assets
Economic resources or valuable items that a business owns or controls with the expectation that they will provide future benefits.
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