Which of the Following Is NOT True? an Expert Witness

question 57

Multiple Choice

Which of the following is NOT true? An expert witness must be able to demonstrate:

• A)Skill in a trade or profession that is of interest to the court.
• B)Significant experience in a relevant field.
• C)A formal degree in forensic science.
• D)Education in his/her area of expertise.

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Definitions:

Unearned Rent

Income received by a landlord for rent that has not yet been earned because the period of occupancy has not yet occurred.

Liability

A financial obligation or debt that an individual or company owes to another party.

Asset

An economic resource owned or controlled by an entity that is expected to provide future economic benefits.

Income Summary

An account in the ledger that aggregates all the revenues and expenses for the period, used to transfer net income or loss to owner's equity.