Citators

question 14

Multiple Choice

Citators

• A)are primary authorities.
• B)are not necessary for effective tax research.
• C)refer to the case being evaluated as the citing case.
• D)give information on the history of a court case.

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Definitions:

Financial Accounting

Financial accounting refers to the process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement, and cash flow statement, that record the company's operating performance over a specific period.

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institute.

Share Outstanding

The total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares.

Current Value

The present worth or market price of an asset or investment.