Another Phrase Used to Describe a Virtual Law Practice Is

question 60

Multiple Choice

Another phrase used to describe a virtual law practice is:

• A) E-Lawyering
• B) Trusts and Estates
• C) Domestic Relations
• D) Civil Litigation

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Definitions:

Loss on Acquisition

Financial loss recognized when the cost of acquiring a company exceeds the sum of the fair value of its identifiable net assets at the acquisition date.

Voting Shares

Shares that endow the holder with the right to vote on matters at shareholders' meetings and to elect the directors of the company.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a parent company and its subsidiaries as if the group was a single entity.

Fair Market Value

The price that an asset would sell for on the open market between willing and knowledgeable parties.