Supreme Court Justices Are

question 43

Multiple Choice

Supreme Court Justices are:

• A) appointed and approved by the president.
• B) appointed by the members of the lower courts.
• C) appointed by the U.S. House of Representatives.
• D) appointed by Congress.
• E) appointed by the president alone.

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Definitions:

Long-Term Assets

Assets that are expected to provide economic benefits to a firm for more than one fiscal year, such as land, buildings, and machinery.

Current Liabilities

A firm’s financial obligations to short-term creditors, which must be repaid within one year.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing debt, securing loans, or selling company shares.