Which of the Following Is True Regarding State Intermediate Courts

question 21

Multiple Choice

Which of the following is true regarding state intermediate courts of appeal in state court systems?

• A)States only have an intermediate court of appeals if there is no state Supreme Court.
• B)In states that do not have an intermediate court of appeal,appeals go to the federal court of appeals.
• C)In states that do not have an intermediate court of appeal,there is no right of appeal to any court.
• D)All states in the United States have intermediate courts of appeal.
• E)Not all states in the United States have intermediate courts of appeal; and in those states,appeals go to the state court of last resort.

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Definitions:

Current Ratio

This ratio assesses the capability of a firm to cover debts due within the next year by dividing its current assets by its current liabilities.

Year-end Information

Data or records summarizing the financial activities and status of an organization at the end of a fiscal year.

Acid-test Ratio

A financial metric that assesses a company's ability to pay its current liabilities with its most liquid assets.

Liquidity Problems

Financial difficulties arising from an entity's inability to quickly convert assets into cash without significant loss, impacting its capacity to meet short-term obligations.