Deck 2: Legal Systems

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Question
The term jurisdiction refers to the types of cases a particular court can hear.
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Question
What is the monetary limit in the Queensland District Court in civil matters?

A)$750,000
B)$250,000
C)$50,000
D)$100,000
Question
Which of the following is NOT one of the objectives of the High Court?

A)To grant special leave to appeal from other superior courts.
B)To serve as a final court of appeal within the Australian legal system.
C)To provide a simpler and more accessible alternative to the Federal Court.
D)To guard and interpret the Australian Constitution.
Question
Which of the following matters fall within the original jurisdiction of the Federal Court?

A)State matters.
B)Commonwealth matters.
C)The Australian Constitution.
D)Disputes between states.
Question
Which of the following statements is the most correct?

A)A court may only judge matters brought before it which are within its jurisdiction.
B)A court is able to judge any matter brought before it.
C)A court has the power to overrule a decision by another court.
D)None of the above.
Question
In Western Australia,a civil dispute involving an amount of $175,000 would commence in which court?

A)Magistrates Court.
B)Court of Appeal.
C)Supreme Court.
D)District Court.
Question
In NSW summary matters are dealt with in the Small Claims Court.
Question
Which of the following matters fall within the original jurisdiction of the High Court?

A)Disputes between States.
B)Disputes between individuals over land within one State.
C)Disputes relating to the constitutions of individual States.
D)Appeals from State Supreme Courts.
Question
What is the meaning of the term 'court hierarchy'?

A)A tiered court system within each particular jurisdiction.
B)The horizontal arrangement of courts within Australia.
C)A vertical system of appellate courts.
D)The supreme courts of the various states and territories.
Question
The Police are often described as community guardians of the peace and have a number of duties which include:

A)the protection of life and property.
B)the enforcement of law and the safety of the public.
C)the prevention of crime and the apprehension of offenders.
D)all of the above.
Question
What is the appellate jurisdiction of an inferior court?

A)The inferior courts hear committal proceedings for serious indictable offences.
B)The inferior courts are the lowest courts in the State court hierarchy and do not hear appeals from any other courts.
C)The inferior courts hear summary offences,and some minor indictable offences.
D)The inferior courts hear appeals from the intermediate courts.
Question
Why might an accused person prefer to have an indictable matter dealt with summarily in an inferior court instead of in a higher court?

A)Inferior courts settle disputes less formally.
B)Inferior courts settle disputes more cheaply.
C)Inferior courts settle disputes more quickly.
D)All of the above.
Question
Which of the following is NOT a characteristic of a court of first instance?

A)A court that has appellate jurisdiction.
B)A court that has original jurisdiction.
C)A court where the parties first litigate a matter..
D)A court that hears cases involving plaintiffs and defendants.
Question
Is the High Court a State Court,that is located within the State court hierarchy,or is it a Federal court,that is located within the Federal court hierarchy?

A)The High Court is neither a State Court nor a Federal Court.
B)The High Court is a State Court located within the State court hierarchy.
C)The High Court is a Federal Court located within the Federal court hierarchy.
D)The High Court is both a State Court and a Federal Court.
Question
A crime that the community has designated as less serious is called:

A)indictable offence.
B)committal offence.
C)serious offence.
D)summary offence.
Question
A civil court's jurisdiction is controlled by its monetary jurisdictional limit.
Question
Indictable Offences are:

A)preliminary hearing before a Magistrate of a serious criminal offence,where the Magistrate decides if there is enough evidence against the accused to proceed to a formal trial.
B)less formal proceedings where the accused pleads guilty.
C)more serious criminal offences generally heard in intermediate or superior courts.
D)less serious crimes which are usually heard in the Magistrates Court.
Question
Explain the difference between a Court of first instance and a Court of appeal.
Question
Committal Proceedings are:

A)more serious criminal offences generally heard in intermediate or superior courts.
B)less serious crimes which are usually heard in the Magistrates Court.
C)preliminary hearings of a serious criminal offence,where a Magistrate decides if there is enough evidence against the accused to proceed to a formal trial.
D)less formal proceedings where the accused pleads guilty.
Question
Police are community guardians of the peace.
Question
If a person wants to appeal against a decision of the Tax Office,they will go to:

A)the Federal Court.
B)the Supreme Court of their state.
C)the Civil and Administrative Tribunal of their state.
D)the Administrative Appeals Tribunal.
Question
What is a class action?

A)An action taken by more than one litigant.
B)An action taken by multiple persons with similar claims against another party.
C)An action taken by one person against multiple persons.
D)An action taken against more than one litigant.
Question
The Federal Circuit Court was established to reduce the workload of the Federal Court and the Family Court.(i)How was this reduction in workload to be achieved? (ii)Has this reduction in fact been achieved? You may wish to visit http://www.federalcircuitcourt.gov.au.
Question
Which of the following is a feature of the adversarial system of trial?

A)Competitive conduct of each party's case.
B)Lack of party control over the case.
C)The inquisitorial trial.
D)An investigative judge.
Question
Which of the following is NOT one of the purposes of having a hierarchical court structure?

A)A hierarchy of courts is instrumental in establishing precedent.
B)A hierarchy of courts provides a system of appeals through which dissatisfied litigants may appeal from a decision of a lower court to a high court to have the matter reconsidered.
C)A hierarchy of courts ensures that the decision of any court is final and cannot later be reviewed or overturned.
D)It allows litigants the quickest legal remedy.
Question
The role of the Jury is to decide matters of fact.
Question
What is the appellate jurisdiction of the High Court?

A)To hear appeals from State and Territory Supreme Courts,the Family Court of Australia and from the Federal Court of Australia.
B)The High Court does not have an appellate jurisdiction.
C)To hear indictable offences against the laws of the Commonwealth,cases where the Commonwealth itself is a party,disputes between two or more states,or matters involving residents of two or more states.
D)To guard and interpret the States' Constitutions.
Question
An eCourt uses mediation to promote alternative dispute resolution.
Question
Appellate jurisdiction is the only jurisdictional power of the High Court.
Question
Which of the following is NOT one of the differences between Tribunals and Courts?

A)The jurisdiction of a court is usually restricted to a narrow area,whereas the jurisdiction of a tribunal is more general.
B)The decision of a court can usually be appealed,whereas the decision of a tribunal is usually final.
C)Courts generally allow legal representation,whereas tribunals generally restrict legal representation.
D)Tribunals are less formal and less intimidating than courts.
Question
The Jury decides questions of law while the Judge decides all questions of fact.
Question
The purpose of an ombudsman is:

A)to interrogate government departments.
B)to rectify wrongs.
C)to initiate legal action against government.
D)to investigate complaints about administrative actions and administrative decisions.
Question
When is Special Leave,that is,permission to appeal from either a State or Territory Supreme Court or a Federal Court to the High Court,required?

A)Only in cases involving State law and federal law.
B)Only in cases involving matters of major public importance.
C)Only in cases involving the interpretation of the Australian Constitution.
D)In all cases.
Question
A licensing court is an example of alternative dispute resolution.
Question
Consumer claims under the Australian Consumer Law are dealt with by the Australian Competition and Consumer Tribunal.
Question
In a civil case,the required standard of proof is beyond a reasonable doubt.
Question
Which of the following is NOT one of the advantages of ADR (Alternative Dispute Resolution)over formal litigation?

A)ADR is less intimidating than formal litigation.
B)ADR is less expensive than formal litigation.
C)ADR is more likely to be heard quickly than formal litigation.
D)ADR is more authoritative than formal litigation.
Question
Common law provides for a right of appeal.
Question
The Privy Council reviews decisions appealed from the Supreme Court of Victoria.
Question
In NSW,a complaint about racial discrimination would be dealt with in the Civil and Administrative Tribunal.
Question
The adversary system of justice adopted by Australian courts is often contrasted with the inquisitorial system adopted by European courts.Find out what you can about the inquisitorial system,and explain which system you believe is the fairest.
Question
What are some of the distinctions between the duties of a solicitor and the duties of a barrister?
Question
Match between columns
Cash
Current assets
Cash
Long-term investments
Cash
Long-term assets
Cash
Intangible assets
Cash
Current liabilities
Cash
Noncurrent liabilities
Cash
Equity
Cash
the item should not appear on the balance sheet
Inventory
Current assets
Inventory
Long-term investments
Inventory
Long-term assets
Inventory
Intangible assets
Inventory
Current liabilities
Inventory
Noncurrent liabilities
Inventory
Equity
Inventory
the item should not appear on the balance sheet
Land
Current assets
Land
Long-term investments
Land
Long-term assets
Land
Intangible assets
Land
Current liabilities
Land
Noncurrent liabilities
Land
Equity
Land
the item should not appear on the balance sheet
Machine
Current assets
Machine
Long-term investments
Machine
Long-term assets
Machine
Intangible assets
Machine
Current liabilities
Machine
Noncurrent liabilities
Machine
Equity
Machine
the item should not appear on the balance sheet
Building
Current assets
Building
Long-term investments
Building
Long-term assets
Building
Intangible assets
Building
Current liabilities
Building
Noncurrent liabilities
Building
Equity
Building
the item should not appear on the balance sheet
Income taxes payable in 30 days
Current assets
Income taxes payable in 30 days
Long-term investments
Income taxes payable in 30 days
Long-term assets
Income taxes payable in 30 days
Intangible assets
Income taxes payable in 30 days
Current liabilities
Income taxes payable in 30 days
Noncurrent liabilities
Income taxes payable in 30 days
Equity
Income taxes payable in 30 days
the item should not appear on the balance sheet
Utilities payable
Current assets
Utilities payable
Long-term investments
Utilities payable
Long-term assets
Utilities payable
Intangible assets
Utilities payable
Current liabilities
Utilities payable
Noncurrent liabilities
Utilities payable
Equity
Utilities payable
the item should not appear on the balance sheet
Note receivable due in 30 days
Current assets
Note receivable due in 30 days
Long-term investments
Note receivable due in 30 days
Long-term assets
Note receivable due in 30 days
Intangible assets
Note receivable due in 30 days
Current liabilities
Note receivable due in 30 days
Noncurrent liabilities
Note receivable due in 30 days
Equity
Note receivable due in 30 days
the item should not appear on the balance sheet
Common Stock
Current assets
Common Stock
Long-term investments
Common Stock
Long-term assets
Common Stock
Intangible assets
Common Stock
Current liabilities
Common Stock
Noncurrent liabilities
Common Stock
Equity
Common Stock
the item should not appear on the balance sheet
Goodwill
Current assets
Goodwill
Long-term investments
Goodwill
Long-term assets
Goodwill
Intangible assets
Goodwill
Current liabilities
Goodwill
Noncurrent liabilities
Goodwill
Equity
Goodwill
the item should not appear on the balance sheet
Value of company logo
Current assets
Value of company logo
Long-term investments
Value of company logo
Long-term assets
Value of company logo
Intangible assets
Value of company logo
Current liabilities
Value of company logo
Noncurrent liabilities
Value of company logo
Equity
Value of company logo
the item should not appear on the balance sheet
Wages expense
Current assets
Wages expense
Long-term investments
Wages expense
Long-term assets
Wages expense
Intangible assets
Wages expense
Current liabilities
Wages expense
Noncurrent liabilities
Wages expense
Equity
Wages expense
the item should not appear on the balance sheet
Value of land in excess of cost
Current assets
Value of land in excess of cost
Long-term investments
Value of land in excess of cost
Long-term assets
Value of land in excess of cost
Intangible assets
Value of land in excess of cost
Current liabilities
Value of land in excess of cost
Noncurrent liabilities
Value of land in excess of cost
Equity
Value of land in excess of cost
the item should not appear on the balance sheet
Mortgage payable
Current assets
Mortgage payable
Long-term investments
Mortgage payable
Long-term assets
Mortgage payable
Intangible assets
Mortgage payable
Current liabilities
Mortgage payable
Noncurrent liabilities
Mortgage payable
Equity
Mortgage payable
the item should not appear on the balance sheet
Accounts receivable
Current assets
Accounts receivable
Long-term investments
Accounts receivable
Long-term assets
Accounts receivable
Intangible assets
Accounts receivable
Current liabilities
Accounts receivable
Noncurrent liabilities
Accounts receivable
Equity
Accounts receivable
the item should not appear on the balance sheet
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Deck 2: Legal Systems
1
The term jurisdiction refers to the types of cases a particular court can hear.
True
2
What is the monetary limit in the Queensland District Court in civil matters?

A)$750,000
B)$250,000
C)$50,000
D)$100,000
A
3
Which of the following is NOT one of the objectives of the High Court?

A)To grant special leave to appeal from other superior courts.
B)To serve as a final court of appeal within the Australian legal system.
C)To provide a simpler and more accessible alternative to the Federal Court.
D)To guard and interpret the Australian Constitution.
C
4
Which of the following matters fall within the original jurisdiction of the Federal Court?

A)State matters.
B)Commonwealth matters.
C)The Australian Constitution.
D)Disputes between states.
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k this deck
5
Which of the following statements is the most correct?

A)A court may only judge matters brought before it which are within its jurisdiction.
B)A court is able to judge any matter brought before it.
C)A court has the power to overrule a decision by another court.
D)None of the above.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
6
In Western Australia,a civil dispute involving an amount of $175,000 would commence in which court?

A)Magistrates Court.
B)Court of Appeal.
C)Supreme Court.
D)District Court.
Unlock Deck
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Unlock Deck
k this deck
7
In NSW summary matters are dealt with in the Small Claims Court.
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k this deck
8
Which of the following matters fall within the original jurisdiction of the High Court?

A)Disputes between States.
B)Disputes between individuals over land within one State.
C)Disputes relating to the constitutions of individual States.
D)Appeals from State Supreme Courts.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
9
What is the meaning of the term 'court hierarchy'?

A)A tiered court system within each particular jurisdiction.
B)The horizontal arrangement of courts within Australia.
C)A vertical system of appellate courts.
D)The supreme courts of the various states and territories.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
10
The Police are often described as community guardians of the peace and have a number of duties which include:

A)the protection of life and property.
B)the enforcement of law and the safety of the public.
C)the prevention of crime and the apprehension of offenders.
D)all of the above.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
11
What is the appellate jurisdiction of an inferior court?

A)The inferior courts hear committal proceedings for serious indictable offences.
B)The inferior courts are the lowest courts in the State court hierarchy and do not hear appeals from any other courts.
C)The inferior courts hear summary offences,and some minor indictable offences.
D)The inferior courts hear appeals from the intermediate courts.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
12
Why might an accused person prefer to have an indictable matter dealt with summarily in an inferior court instead of in a higher court?

A)Inferior courts settle disputes less formally.
B)Inferior courts settle disputes more cheaply.
C)Inferior courts settle disputes more quickly.
D)All of the above.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
13
Which of the following is NOT a characteristic of a court of first instance?

A)A court that has appellate jurisdiction.
B)A court that has original jurisdiction.
C)A court where the parties first litigate a matter..
D)A court that hears cases involving plaintiffs and defendants.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
14
Is the High Court a State Court,that is located within the State court hierarchy,or is it a Federal court,that is located within the Federal court hierarchy?

A)The High Court is neither a State Court nor a Federal Court.
B)The High Court is a State Court located within the State court hierarchy.
C)The High Court is a Federal Court located within the Federal court hierarchy.
D)The High Court is both a State Court and a Federal Court.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
15
A crime that the community has designated as less serious is called:

A)indictable offence.
B)committal offence.
C)serious offence.
D)summary offence.
Unlock Deck
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Unlock Deck
k this deck
16
A civil court's jurisdiction is controlled by its monetary jurisdictional limit.
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k this deck
17
Indictable Offences are:

A)preliminary hearing before a Magistrate of a serious criminal offence,where the Magistrate decides if there is enough evidence against the accused to proceed to a formal trial.
B)less formal proceedings where the accused pleads guilty.
C)more serious criminal offences generally heard in intermediate or superior courts.
D)less serious crimes which are usually heard in the Magistrates Court.
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k this deck
18
Explain the difference between a Court of first instance and a Court of appeal.
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19
Committal Proceedings are:

A)more serious criminal offences generally heard in intermediate or superior courts.
B)less serious crimes which are usually heard in the Magistrates Court.
C)preliminary hearings of a serious criminal offence,where a Magistrate decides if there is enough evidence against the accused to proceed to a formal trial.
D)less formal proceedings where the accused pleads guilty.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
20
Police are community guardians of the peace.
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Unlock Deck
k this deck
21
If a person wants to appeal against a decision of the Tax Office,they will go to:

A)the Federal Court.
B)the Supreme Court of their state.
C)the Civil and Administrative Tribunal of their state.
D)the Administrative Appeals Tribunal.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
22
What is a class action?

A)An action taken by more than one litigant.
B)An action taken by multiple persons with similar claims against another party.
C)An action taken by one person against multiple persons.
D)An action taken against more than one litigant.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
23
The Federal Circuit Court was established to reduce the workload of the Federal Court and the Family Court.(i)How was this reduction in workload to be achieved? (ii)Has this reduction in fact been achieved? You may wish to visit http://www.federalcircuitcourt.gov.au.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
24
Which of the following is a feature of the adversarial system of trial?

A)Competitive conduct of each party's case.
B)Lack of party control over the case.
C)The inquisitorial trial.
D)An investigative judge.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
25
Which of the following is NOT one of the purposes of having a hierarchical court structure?

A)A hierarchy of courts is instrumental in establishing precedent.
B)A hierarchy of courts provides a system of appeals through which dissatisfied litigants may appeal from a decision of a lower court to a high court to have the matter reconsidered.
C)A hierarchy of courts ensures that the decision of any court is final and cannot later be reviewed or overturned.
D)It allows litigants the quickest legal remedy.
Unlock Deck
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Unlock Deck
k this deck
26
The role of the Jury is to decide matters of fact.
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k this deck
27
What is the appellate jurisdiction of the High Court?

A)To hear appeals from State and Territory Supreme Courts,the Family Court of Australia and from the Federal Court of Australia.
B)The High Court does not have an appellate jurisdiction.
C)To hear indictable offences against the laws of the Commonwealth,cases where the Commonwealth itself is a party,disputes between two or more states,or matters involving residents of two or more states.
D)To guard and interpret the States' Constitutions.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
28
An eCourt uses mediation to promote alternative dispute resolution.
Unlock Deck
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Unlock Deck
k this deck
29
Appellate jurisdiction is the only jurisdictional power of the High Court.
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k this deck
30
Which of the following is NOT one of the differences between Tribunals and Courts?

A)The jurisdiction of a court is usually restricted to a narrow area,whereas the jurisdiction of a tribunal is more general.
B)The decision of a court can usually be appealed,whereas the decision of a tribunal is usually final.
C)Courts generally allow legal representation,whereas tribunals generally restrict legal representation.
D)Tribunals are less formal and less intimidating than courts.
Unlock Deck
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31
The Jury decides questions of law while the Judge decides all questions of fact.
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k this deck
32
The purpose of an ombudsman is:

A)to interrogate government departments.
B)to rectify wrongs.
C)to initiate legal action against government.
D)to investigate complaints about administrative actions and administrative decisions.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
33
When is Special Leave,that is,permission to appeal from either a State or Territory Supreme Court or a Federal Court to the High Court,required?

A)Only in cases involving State law and federal law.
B)Only in cases involving matters of major public importance.
C)Only in cases involving the interpretation of the Australian Constitution.
D)In all cases.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
34
A licensing court is an example of alternative dispute resolution.
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k this deck
35
Consumer claims under the Australian Consumer Law are dealt with by the Australian Competition and Consumer Tribunal.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
36
In a civil case,the required standard of proof is beyond a reasonable doubt.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
37
Which of the following is NOT one of the advantages of ADR (Alternative Dispute Resolution)over formal litigation?

A)ADR is less intimidating than formal litigation.
B)ADR is less expensive than formal litigation.
C)ADR is more likely to be heard quickly than formal litigation.
D)ADR is more authoritative than formal litigation.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
38
Common law provides for a right of appeal.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
39
The Privy Council reviews decisions appealed from the Supreme Court of Victoria.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
40
In NSW,a complaint about racial discrimination would be dealt with in the Civil and Administrative Tribunal.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
41
The adversary system of justice adopted by Australian courts is often contrasted with the inquisitorial system adopted by European courts.Find out what you can about the inquisitorial system,and explain which system you believe is the fairest.
Unlock Deck
Unlock for access to all 43 flashcards in this deck.
Unlock Deck
k this deck
42
What are some of the distinctions between the duties of a solicitor and the duties of a barrister?
Unlock Deck
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Unlock Deck
k this deck
44
Match between columns
Cash
Current assets
Cash
Long-term investments
Cash
Long-term assets
Cash
Intangible assets
Cash
Current liabilities
Cash
Noncurrent liabilities
Cash
Equity
Cash
the item should not appear on the balance sheet
Inventory
Current assets
Inventory
Long-term investments
Inventory
Long-term assets
Inventory
Intangible assets
Inventory
Current liabilities
Inventory
Noncurrent liabilities
Inventory
Equity
Inventory
the item should not appear on the balance sheet
Land
Current assets
Land
Long-term investments
Land
Long-term assets
Land
Intangible assets
Land
Current liabilities
Land
Noncurrent liabilities
Land
Equity
Land
the item should not appear on the balance sheet
Machine
Current assets
Machine
Long-term investments
Machine
Long-term assets
Machine
Intangible assets
Machine
Current liabilities
Machine
Noncurrent liabilities
Machine
Equity
Machine
the item should not appear on the balance sheet
Building
Current assets
Building
Long-term investments
Building
Long-term assets
Building
Intangible assets
Building
Current liabilities
Building
Noncurrent liabilities
Building
Equity
Building
the item should not appear on the balance sheet
Income taxes payable in 30 days
Current assets
Income taxes payable in 30 days
Long-term investments
Income taxes payable in 30 days
Long-term assets
Income taxes payable in 30 days
Intangible assets
Income taxes payable in 30 days
Current liabilities
Income taxes payable in 30 days
Noncurrent liabilities
Income taxes payable in 30 days
Equity
Income taxes payable in 30 days
the item should not appear on the balance sheet
Utilities payable
Current assets
Utilities payable
Long-term investments
Utilities payable
Long-term assets
Utilities payable
Intangible assets
Utilities payable
Current liabilities
Utilities payable
Noncurrent liabilities
Utilities payable
Equity
Utilities payable
the item should not appear on the balance sheet
Note receivable due in 30 days
Current assets
Note receivable due in 30 days
Long-term investments
Note receivable due in 30 days
Long-term assets
Note receivable due in 30 days
Intangible assets
Note receivable due in 30 days
Current liabilities
Note receivable due in 30 days
Noncurrent liabilities
Note receivable due in 30 days
Equity
Note receivable due in 30 days
the item should not appear on the balance sheet
Common Stock
Current assets
Common Stock
Long-term investments
Common Stock
Long-term assets
Common Stock
Intangible assets
Common Stock
Current liabilities
Common Stock
Noncurrent liabilities
Common Stock
Equity
Common Stock
the item should not appear on the balance sheet
Goodwill
Current assets
Goodwill
Long-term investments
Goodwill
Long-term assets
Goodwill
Intangible assets
Goodwill
Current liabilities
Goodwill
Noncurrent liabilities
Goodwill
Equity
Goodwill
the item should not appear on the balance sheet
Value of company logo
Current assets
Value of company logo
Long-term investments
Value of company logo
Long-term assets
Value of company logo
Intangible assets
Value of company logo
Current liabilities
Value of company logo
Noncurrent liabilities
Value of company logo
Equity
Value of company logo
the item should not appear on the balance sheet
Wages expense
Current assets
Wages expense
Long-term investments
Wages expense
Long-term assets
Wages expense
Intangible assets
Wages expense
Current liabilities
Wages expense
Noncurrent liabilities
Wages expense
Equity
Wages expense
the item should not appear on the balance sheet
Value of land in excess of cost
Current assets
Value of land in excess of cost
Long-term investments
Value of land in excess of cost
Long-term assets
Value of land in excess of cost
Intangible assets
Value of land in excess of cost
Current liabilities
Value of land in excess of cost
Noncurrent liabilities
Value of land in excess of cost
Equity
Value of land in excess of cost
the item should not appear on the balance sheet
Mortgage payable
Current assets
Mortgage payable
Long-term investments
Mortgage payable
Long-term assets
Mortgage payable
Intangible assets
Mortgage payable
Current liabilities
Mortgage payable
Noncurrent liabilities
Mortgage payable
Equity
Mortgage payable
the item should not appear on the balance sheet
Accounts receivable
Current assets
Accounts receivable
Long-term investments
Accounts receivable
Long-term assets
Accounts receivable
Intangible assets
Accounts receivable
Current liabilities
Accounts receivable
Noncurrent liabilities
Accounts receivable
Equity
Accounts receivable
the item should not appear on the balance sheet
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Unlock for access to all 43 flashcards in this deck.