Lexie McTaggert's Position with the Saskatchewan Court of Queen's Bench

question 67

Multiple Choice

Lexie McTaggert's position with the Saskatchewan Court of Queen's Bench often requires her to refer to the judiciary for guidance.Which of the following describes the judiciary Lexie refers to?

• A) collective of appointed judges
• B) judicial common law
• C) set of judicial regulations
• D) collection of judge-made decisions

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Definitions:

Operating Activities

Activities directly related to the day-to-day operations of a business, such as selling products, providing services, and paying salaries, which generate cash flows from the primary revenue-producing activities.

Financing Activities

Transactions and events that affect a company's long-term liabilities and equity, such as issuing debt or equity, repaying loans, and paying dividends.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not relating directly to the entity's usual line of business.

Noncash Investing

Involves transactions that do not directly involve cash but affect the investing activities of a company; for example, acquiring assets through a trade or a note.