A State Magistrate Must Follow a Previous Decision If That

question 31

Multiple Choice

A State magistrate must follow a previous decision if that case involved similar facts and the decision was made by:

• A)a Full Federal court.
• B)a single judge of the Supreme Court in the same state as the Magistrates Court.
• C)a court of appeal in another state.
• D)all of the above courts.

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Definitions:

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the obligation is fulfilled.

Unearned Rent

is income received by a landlord for rent that has been paid in advance by a tenant but has not yet been earned.

Adjust Revenue

The act of modifying the reported amount of revenue to more accurately reflect the earnings of a period, following certain accounting principles and standards.

Reported

Refers to information or data that has been officially announced or presented.