Examlex
Given the following data:Dec. 31,Year 2 Dec. 31,Year 1Total liabilities $128,250 $120,000Total owner's equity 95,000 80,000Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.
Jurisdiction Issues
Challenges or questions that arise concerning the legal authority of a court to hear a case or the geographic area in which a court has authority.
Complicated
Characterized by difficulty; complex, involving many different and connected parts.
Limited Jurisdiction
The authority vested in certain courts to hear and decide only specific types of legal cases, often restricted by case type, monetary value, or geography.
Small Claims Court
A court that handles disputes involving a small amount of money, offering a quick and simple resolution process without the need for a lawyer.
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