A Person Who Has Special Knowledge and Skills Recognized by the Court

question 3

Short Answer

A person who has special knowledge and skills recognized by the court as relevant to the determination of guilt or innocence.Who may express opinions or draw conclusions in their testimony is called a _________________ witness.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company’s profitability.

Net Sales

The net income from goods or services sold, after deducting returns, allowances, and discounts.

Accrual Basis

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Earned Revenues

Income a company has generated for goods delivered or services provided, recognized when earned, not necessarily when received.