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Before secondary evidence may be offered in lieu of the original document,all of the following must be established except:
Capital
Financial assets or resources that businesses use to fund their operations and growth.
Preferred Stock Dividend
Dividends that are paid out to preferred shareholders, typically at a fixed rate, before any dividends are issued to common shareholders.
Taxable Income
The amount of income that is subject to taxes, after all deductions and exemptions.
Operating Expense
Expenses incurred during the course of regular business operations, such as wages, rent, and utilities, that are not directly tied to the production of goods or services.
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