What is meant by "fruit of a tainted tree"?
What will be an ideal response?
The Fourth Amendment to the U.S. Constitution protects the rights of the people from unreasonable search and seizure by the government. Any evidence obtained from an unreasonable search and seizure is considered tainted evidence, i.e., "fruit of a tainted tree." Under the exclusionary rule, such evidence is generally prohibited from introduction at a trial or an administrative proceeding against the person searched. However, this evidence is freely admissible against other persons.
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The original cost of an asset plus the trade-in or salvage value of an asset equals the depreciable cost of that asset
Indicate whether the statement is true or false
Long-term investments in held-to-maturity debt securities are accounted for using the:
A. Fair value method with fair value adjustment to income. B. Cost method with amortization. C. Cost method without amortization. D. Fair value method with fair value adjustment to equity. E. Equity method.
Barb, a computer operator for Cloud Corporation, is arrested in her employer’s parking lot on suspicion of larceny. Barb must be informed of her right to
A. a trial by jury. B. punishment. C. question witnesses. D. remain silent.
Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.0pounds$5.50per pound$5.50During the year, the company completed the following transactions concerning direct materials:a. Purchased 19,700 pounds of raw material at a price of $4.70 per pound.b. Used 18,500 pounds of the raw material to produce 18,400 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$15,760FMaterials quantity variance$550U Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,030,000$53,350$0$88,880$737,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,910,130a.???????b.???????When recording the raw materials used in production in transaction (b) above, the Work in Process inventory account will increase (decrease) by: A. ($101,200) B. ($101,750) C. $101,750 D. $101,200