ACCT 432 Ch 10 Exam Review

ACCT 432 Ch 10 Exam Review

Assessment

Assessment

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Dr. Paz

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10 questions

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1.

MULTIPLE CHOICE

1 min • 1 pt

In order for damages to be assessed, the court must find:

2.

MULTIPLE CHOICE

1 min • 1 pt

Jim Company sold assets to Fred Company with an alleged value of $2,400,000. Jim Company paid $2,100,000 for the assets. The actual value of the assets was $1,700,000. Using the "out-of-pocket" damage loss rule, the fraud damages would be:

3.

MULTIPLE CHOICE

30 sec • 1 pt

Rebuttal testimony occurs during the:

4.

MULTIPLE CHOICE

30 sec • 1 pt

Deposition testimony:

5.

MULTIPLE CHOICE

30 sec • 1 pt

Daubert requirements:

6.

MULTIPLE CHOICE

1 min • 1 pt

In tort cases, damages are determined based on the concept that:

7.

MULTIPLE CHOICE

1 min • 1 pt

A summary judgment is:

8.

MULTIPLE CHOICE

1 min • 1 pt

A Voir Dire challenge to an expert witness’s testimony refers to:

9.

MULTIPLE CHOICE

1 min • 1 pt

When accounting expert witnesses develops a theoretical framework for their damage estimates the primary reason is

10.

MULTIPLE CHOICE

1 min • 1 pt

The accounting concept that is used most often in developing damages in a law suit is

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