Which of the Following Is Least Likely to Be Taken

question 44

Multiple Choice

Which of the following is least likely to be taken into judicial notice without mentioning it at trial?

• A) People drive automobiles.
• B) Speed limits exist.
• C) Reckless driving is driving twenty miles per hour above the speed limit.
• D) Automobiles are required to drive in the right lane.

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Definitions:

Current-Year Net Income

Current-Year Net Income is the total profit or earnings of a company for the ongoing fiscal year, after subtracting all expenses, taxes, and costs.

Accrued Salaries

Wages that have been earned by employees but have not yet been paid by the employer.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Unadjusted Trial Balance

A listing of all the accounts in the general ledger with their balances before any adjusting entries are made.