Author Question: The expanded accounting equation is a. assets = liabilities + capital + drawing + revenue - ... (Read 110 times)

newyorker26 · **on:** Jul 6, 2018

The expanded accounting equation is
a. assets = liabilities + capital + drawing + revenue - expenses
b. assets = liabilities - capital + drawing - revenue + expenses
c. assets = liabilities + capital - drawing + revenue - expenses
d. assets + capital = liabilities - drawing + revenue - expenses

Question 2

Rule 702 of Federal Rules of Evidence requires that

A) the CPAs use complex technological analysis tools for gathering data.
B) any qualitative data presented is supported by quantitative data.
C) only direct evidence is used in a case.
D) the expert testimony is the product of reliable principles and methods.

cat123 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

C

Answer to Question 2

D
Explanation: D) Under FRE 702, expert testimony is admissible only if it is based upon sufficient facts or data, or is the product of reliable principles and methods, or the principles and methods have been applied reliably to the facts of the case.