As a Judge in a Federal Court, Elena Can Decide

question 53

Multiple Choice

As a judge in a federal court, Elena can decide, among other things, whether the laws or actions of the executive and legislative branches are constitutional. The process for making this determination is known as​

• A) ​judicial review.
• B) ​jurisdiction.
• C) ​jurisprudence.
• D) ​justifiability.

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Definitions:

Expanded Accounting Equation

An extension of the basic accounting equation that includes components such as owner's equity, retained earnings, and dividends.

Beginning Balances

The balances of accounts at the start of a new accounting period, carried over from the end of the prior period.

Transactions

Financial events that affect the financial position of a company, measurable in terms of changes in assets, liabilities, and equity.

Statement Of Owner's Equity

A financial statement that shows the changes in the ownership interest of a company over a period of time.