In Client Files, a Practitioner Should Include All of the Following

question 26

Multiple Choice

In client files, a practitioner should include all of the following types of underlying legal authority except?

• A) Underlined or highlighted portions of important legal documents.
• B) Case, regulation, and ruling briefs that are pertinent to the file memo.
• C) A listing of legal citations and computer files that would show a researcher's analysis.
• D) All of the above information should be included in a client file.

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Definitions:

Budgeted Income Statement

A financial statement that estimates a company's revenue, expenses, and net income for a future period based on planned operations and strategies.

Cash Inflows

Money received by a company during a specified period of time, from activities such as sales, financing, or investments.

Cash Outflows

Money or value going out of a business, often related to expenses and investments.

Cash Budget

A detailed plan that estimates all cash inflows and outflows over a specific period to manage a company's cash flow.