The Three Parts of the Federal Court System Consists Of

question 37

Multiple Choice

The three parts of the Federal Court System consists of:

• A)U.S District courts,U.S.Appeals Courts,and U.S.State Courts.
• B)U.S.Appeals Courts,U.S.State Courts,and U.S.Supreme Court.
• C)U.S.District Courts,U.S.Supreme Courts,and State Appeals Courts.
• D)U.S.District Courts,U.S.Appeals Courts,and U.S.Supreme Court.

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Definitions:

GAAP

Generally Accepted Accounting Principles, which are a set of rules and standards for financial reporting used in the United States.

Amortized Cost

The progressive reduction of a debt or the cost of an intangible asset over a specified time period.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

Held to Maturity

A designation for financial assets which a company has the intention and ability to hold until a specified maturity date.