Which of the Following Statements Is True of Deposition

question 53

Multiple Choice

Which of the following statements is true of deposition?

• A) A deposition has to be a written statement.
• B) A witness' deposition is voluntary and not pursuant to a court order.
• C) A deposition can only be given after the trial.
• D) A deponent is given a chance to correct his or her deposition.

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Definitions:

Retained Earnings

The accumulated portion of net income that a company elects to keep, rather than distribute to shareholders as dividends.

Future Use

Refers to resources or assets that are intended to be utilized in upcoming periods, not immediately.

Payments

Monetary transactions involving the transfer of funds to fulfill a debt or obligation.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.