Do you think Tara has committed the unauthorized practice of law? Why or why not?
What will be an ideal response?
No. She didn’t give legal advice, as that term is generally applied. She explained the
definition of words like “interrogatory” and “notarized” but anyone can give a legal
definition to someone. In fact, she repeatedly advised Norma to get her own lawyer. As well,
advising Norma on how to get a copy of her deed isn’t the unauthorized practice of law.
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Describe two areas where segregation of duties is important in the expenditure cycle
Discuss the major influences on business buyers
What will be an ideal response?
U.S. GAAP requires that firms classify cash payments for interest expense as a(n) _____ activity
a. operating b. financing c. investing, d. operating, investing, or financing e. None of the above are correct.
Managerial accounting information includes both historical and estimated data
Indicate whether the statement is true or false