Which of the Following Is Not a Component That Needs

question 40

Multiple Choice

Which of the following is not a component that needs to be shown to authorize use of a long-arm statute?

• A) the defendant must transact business within the plaintiff's state borders
• B) the defendant must have violated a plaintiff's state statutory law
• C) the defendant must have committed negligence resulting in loss to the plaintiff within the plaintiff's state borders
• D) the defendant owns property in the plaintiff's state

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Definitions:

Balance Sheet

A balance sheet that illustrates a corporation's resources, outstanding debts, and the net worth held by shareholders at a pinpointed moment.

Statement of Retained Earnings

A financial statement that shows changes in a company's retained earnings over a specific period.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in net profit or loss.

Financial Errors

Mistakes in the accounting records that can distort the financial statements and mislead users.