Individuals or Groups Who Are Not Parties to a Lawsuit

question 57

Multiple Choice

Individuals or groups who are not parties to a lawsuit but who seek to assist the court in reaching a decision (including, often, the solicitor general) can present additional briefs called

• A)per curiam.
• B)amicus curiae.
• C)assenting opinions.
• D)dissenting opinions.
• E)concurring opinions.

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Definitions:

LIFO Inventory

An inventory valuation method where the last items added to inventory are the first ones to be used or sold.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, often a significant asset on the balance sheet for retailers.

Lower Of Cost

A principle in accounting that dictates inventory or other assets should be reported at the lower amount between its historical cost and its market value.