Davis Points a Gun at Eton,threatening to Shoot Him If

question 10

Multiple Choice

Davis points a gun at Eton,threatening to shoot him if he does not steal from his employer,Freddy's Convenience Store,and give the stolen funds to Davis.Charged with theft,Eton can successfully claim,as a defense

• A)nothing.
• B)duress.
• C)entrapment.
• D)self-defense.

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Definitions:

Current Assets

Assets expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Net Income

The amount of revenue left over after deducting all expenses, taxes, and costs from total revenue.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.