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The Elements of the __________ Two-Pronged Test Are Important Considerations

question 59

Short Answer

The elements of the __________ two-pronged test are important considerations in determining the existence of probable cause based on informant testimony.


Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.

Operating Income

The profit realized from a business's operations after deducting operating expenses from gross profit.

Dividends

Financial distributions to a corporation's shareholders, usually coming from the business's earnings.

Quantity Variance

A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.

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