If Three Supreme Court Justices Agree to Review a Case

question 8

Multiple Choice

If three Supreme Court justices agree to review a case:

• A) the case goes back to the lower courts for reconsideration
• B) the case will be reviewed by the Supreme Court
• C) the decision of the lower court becomes final
• D) the decision of the lower court is reversed
• E) none of the other choices are correct

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Definitions:

Cash Receipts Journal

A specific accounting journal used to record all receipts of cash during a particular period.

Sale On Account

A transaction where goods are sold and payment is deferred to a later date, creating an account receivable for the seller.

Accounts Payable Subsidiary Ledger

A detailed ledger that breaks down the amounts owed by a business to its suppliers or vendors into individual accounts.

Purchases Journal

A special journal used to record all purchases of merchandise on credit, tracking the accumulation of goods over a period.