An Informant Tells an Officer That Patrons of a Certain

question 55

Multiple Choice

An informant tells an officer that patrons of a certain public bar sometimes do lines of cocaine on the tables set in alcoves.Hoping to gather some minute grains of cocaine from one of the tables as corroboration of the information,the officer

• A) will need a search warrant since open fields does not apply.
• B) will need an administrative warrant.
• C) will not need a warrant.
• D) will not need a warrant since the tables are in the curtilage.

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Definitions:

Gross Profit Rate

The ratio of gross profit (sales minus cost of goods sold) to net sales, showing the efficiency at which a company produces its goods.

Partial Equity Method

A variation of the equity method, where initial recognition is at cost and subsequent recognition involves recording dividends as income and not adjusting for the investee's retained earnings.

Upstream Inventory Transfers

Transactions where goods are sent from a subsidiary to the parent company, often analyzed for transfer pricing and tax purposes.

Downstream Inventory Transfers

The movement of inventory from a parent company to a subsidiary or between subsidiaries, typically involving finished goods or products closer to the end of the supply chain.