Which One of the Following Is Not a Condition That

question 66

Multiple Choice

Which one of the following is not a condition that allows for the official records exception?

• A) The record is of an act of the agency.
• B) The record is of factual findings of investigations.
• C) The record is made as observed by police officers.
• D) The record is of matters the agency is required to observe and report.

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Definitions:

Corporate Existence

The state of being recognized as a separate entity with legal rights and obligations, typically achieved through incorporation.

Fair Value

The financial gain from trading away an asset or the investment needed to dissolve a liability in a negotiated agreement amongst market stakeholders at the time of valuation.

Par Value

The face value of a bond or stock as stated by the issuer.

Consolidated Common Stock

Shares that represent ownership in a corporation that has combined its financial statements with those of its subsidiaries to present a single set of financials for the entire enterprise.