All the Elements of Misrepresentation,and the Fact That the Misrepresentation

question 37

Multiple Choice

All the elements of misrepresentation,and the fact that the misrepresentation was knowingly made with the intent to deceive,have to be established to prove _____.

• A)scienter
• B)duress
• C)fraud
• D)unilateral mistake

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a physical asset evenly over its useful life.

Average Rate of Return

The ratio of the average annual profit to the initial investment, expressed as a percentage, used to assess the profitability of an investment.

Estimated Annual Net Income

The projection of a company's net income over the course of a future year, based on current trends and expectations.

Straight-Line Depreciation

A way of allocating the expenditure of a physical asset in uniform annual installments over its lifespan.