Which of the Following Statements Regarding the Supreme Court of Canada

question 61

Multiple Choice

Which of the following statements regarding the Supreme Court of Canada is TRUE?

• A)The court consists of the chief justice and eight filial justices.
• B)Each member of the court was appointed by the premier of the judge's home province.
• C)In addition to appeals, the court occasionally hears references for the purpose of providing advisory opinions to the governments on the constitutionality of laws.
• D)Unless a member voluntarily retires, they are entitled to hold office for life as long as they are on good behaviour.
• E)No court is ever required to hear an appeal unless it has granted leave.

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Definitions:

GAAP

GAAP, or Generally Accepted Accounting Principles, are a set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across industries.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for how public companies prepare and disclose financial statements.

Restated

The revision and publication of previously issued financial statements to correct errors or to adjust for changes in accounting policies.

Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources, including all non-owner changes in equity not resulting from investments by owners and distributions to owners.