In a Bench Trial, the _______ Alone Hears All Arguments

question 32

Multiple Choice

In a bench trial, the _______ alone hears all arguments, determines the facts, and makes rulings on questions of law.

• A) district attorney
• B) state supreme court
• C) judge
• D) jury

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Classified Balance Sheet

A financial statement that organizes a company's assets, liabilities, and equity into subcategories for clear understanding.

Gross Profit Section

The portion of an income statement that shows revenue minus the cost of goods sold, indicating the profit made from selling goods before other expenses are deducted.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the merchandise sold.