In Civil Matters, the Burden of Proof Is Typically by

question 33

Multiple Choice

In civil matters, the burden of proof is typically by

• A) preponderance of the evidence.
• B) beyond a reasonable doubt.
• C) mere suspicion.
• D) probable cause.

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Definitions:

Generally Accepted Accounting Principles

Generally Accepted Accounting Principles (GAAP) are a set of rules, standards, and procedures established for accounting and financial reporting, aimed at ensuring consistency and transparency.

Factoring

A financial transaction in which a business sells its accounts receivable (invoices) to a third party (factor) at a discount, to obtain immediate cash.

Direct Write-Off Method

An accounting method where bad debts are written off as an expense only when they are deemed to be uncollectable.

Bad Debt Expense

The estimated amount of credit sales that a company does not expect to collect due to customer's inability to fulfill payment obligations.