Case s ummary: LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10 % of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey. To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $ 75,000.

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Can you help me solve this general accounting problem with the correct methodology?

Answer 1

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Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

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Job #508 used $3,500 in direct materials, 200 direct labor hours at $22 per hour, and overhead is applied at 150% of direct labor cost. Calculate the total cost of Job #508.

Answer 2

Question

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

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Answer 3

Question

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

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Answer 4

Question

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

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Answer 5

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

Answer 6

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

Answer 7

Chapter 17, Problem 6BCP

Summary Introduction

Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

Answer 8

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Answer 19

Ch. 17 - Prob. 1RE Ch. 17 - Prob. 2RE Ch. 17 - Prob. 3RE Ch. 17 - Prob. 4RE Ch. 17 - Prob. 1IS Ch. 17 - Prob. 2IS Ch. 17 - Prob. 1BS Ch. 17 - Prob. 2BS Ch. 17 - Prob. 3BCP Ch. 17 - Prob. 4BCP

Solution Summary: The author explains that the district court has the power to hear a case where the citizenship of the parties and the corporations belong from different states or nationalities.

Chapter 17 Solutions