In Order to Be Allowed to Testify as an Expert

question 29

Multiple Choice

In order to be allowed to testify as an expert witness, the person must:

• A)have knowledge of the subject based on education and/or experience.
• B)have a graduate degree in the subject.
• C)have worked in the field for at least 5 years.
• D)all of these are required

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Definitions:

Owner's Equity

The residual interest in the assets of a business after all liabilities have been deducted, often referred to as net assets or shareholder equity.

Assets

Resources owned by a business with future economic benefits.

Investments

The balance sheet caption used to report long-term investments in stocks not intended as a source of cash in the normal operations of the business.

Cash

Money in the form of currency or coins, readily available for transactions.