All Documents Stored on Computers Used by a Business Are

question 49

True/False

All documents stored on computers used by a business are covered by the Business Records Exception to the Hearsay Rule if a technician testifies that the system has not been "hacked."

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance or sizes of components in a dataset, providing a measure that reflects their relative contributions.

Inventory Costing Methods

Techniques used to determine the cost of inventory sold and remaining in stock, including FIFO, LIFO, and average cost methods.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts are made periodically, typically at the end of an accounting period, rather than continuously.

Physical Inventory

A detailed listing of merchandise on hand.