Which of the Following Is the First Step You Should

question 2

Multiple Choice

Which of the following is the first step you should take when researching a case of first impression?

• A)See it there is an existing law that the judge might determine should apply to your case
• B)Look to see if any other court has considered a similar legal issue and what that court concluded
• C)Prepare some legal advice to offer the client
• D)Start a log sheet of the hours you spend working on the case

---

Definitions:

Adjusting Entry

An accounting entry made in the general ledger to record changes in account balances not captured during the accounting period.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net profit or loss.

Prepaid Insurance

Insurance costs paid upfront and recorded as assets until the benefit period expires, at which point they are expensed.

Accrued Fees

Expenses that have been incurred but not yet paid, representing services received or obligations taken on.