The Intermediate Federal Courts That Hear Appeals from District Courts

question 35

Multiple Choice

The intermediate federal courts that hear appeals from district courts are known as:

• A) appeals courts.
• B) legislative courts.
• C) supreme courts.
• D) constitutional courts.
• E) superior courts.

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Definitions:

Qualitative Characteristics

Features that make financial information useful to users, including relevance and faithful representation, among others, guiding the preparation and presentation of financial statements.

GAAP

A group of customary accounting regulations and benchmarks used in financial reporting.

Inventory Cost Flow

An accounting method that determines the cost assigned to goods sold and ending inventory based on the order in which the costs were incurred.

Class Action Lawsuit

A legal action filed by one or several individuals on behalf of a larger group of people who are affected by the same issue.