When Comparing Client Data with Similar Prior-Period Data

question 142

Multiple Choice

When comparing client data with similar prior-period data,

• A) if there have been no significant changes in the client's operations in the current year, much of the detail making up the totals in the financial statements should remain unchanged.
• B) comparison of details must take the form of details over time.
• C) comparing totals with previous years considers growth in the business activity.
• D) percent relationships fail to consider declines in the business activity.

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Definitions:

Decreased

Reduced or lessened in amount, size, strength, or intensity.

Legal Investigations

The process of gathering facts and evidence to ascertain the truth for legal proceedings.

Draft Legal

The process of creating initial versions of legal documents, including contracts, legal memos, and court pleadings, which are then reviewed and revised as necessary.

Interview Clients

Interviewing clients involves attorneys gathering information from their clients to better understand their case or legal matter.