Justice Holmes Defined _____ as a Process That Investigates,declares,and Enforces

question 15

Short Answer

Justice Holmes defined _____ as a process that investigates,declares,and enforces liabilities as they stand on present or past facts and under laws supposedalready to exist.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, usually presented in a structured manner for a specific period.

Return On Total Assets

A profitability ratio that measures the profitability of total assets without considering how the assets are financed, computed as income plus interest expense divided by average total assets.

Profitability

A measure of how effectively a company generates profit from its revenues or assets.

Debt And Equity

The two major sources of financing for a company, where debt involves borrowing money to be repaid, and equity involves raising money by selling interests in the company.