A Hearsay Declarant Is Considered Unavailable as a Witness at Trial

question 43

Multiple Choice

A hearsay declarant is considered unavailable as a witness at trial if:

• A)the declarant cannot testify because the statements are privileged.
• B)the declarant no longer recalls the statement.
• C)the declarant cannot attend court due to severe mental illness.
• D)All of these qualify as unavailable witnesses

---

Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership equity.

Net Income

Represents the total profit of a company after all expenses and taxes have been deducted from total revenue.

Preferred Dividends

Preferred dividends are payments made to preferred shareholders before any dividends are distributed to common shareholders.

Return On Common Stockholders' Equity

A financial ratio that measures the amount of net income returned as a percentage of shareholders equity, indicating the profitability from the shareholders' perspective.