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Assume that you are a paralegal in a firm working for the defendant, Mr. Hart, in Case I. For an interview with Mr. Hart:
a. Draft a set of five questions pertinent to the element of breach of duty, specifically Mr. Hart's attentiveness.
b. Draft five questions for Mr. Hart regarding plaintiff's comparative negligence.
AASB 107
An Australian accounting standard that specifies how the movements in cash and cash equivalents should be presented in the statement of cash flows.
Direct Method
A way to present the cash flow statement, showing actual cash flows from operating activities instead of adjusting net income for accruals.
Operating Activities
The principal revenue-producing activities of an entity and other activities that are not investing or financing activities.
Statement Of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
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