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Crank
3 years ago
5

Clara is suing David because of a property dispute. Clara and David are from different states, so it is not readily clear which

state has jurisdiction over this case. Which of the following is true?
Business
1 answer:
Mkey [24]3 years ago
6 0

Answer: got it wrong so don't pick this one

Explanation:

Clara is suing David because of a property dispute. Clara and David are from different states, so it is not readily clear which state has jurisdiction over this case. Which of the following is true?

Jurisdiction can fall in whichever state has subject matter or personal jurisdiction, likely depending on which state Clara feels will give her a more favorable outcome for her case.

<em>Jurisdiction depends solely on where the property - the focus of the dispute - is located.   Wrong answer</em>

Jurisdiction falls in Clara's state of residence, since she is the plaintiff.

Jurisdiction falls in David's state of residence, since he is the one being summoned to court.

FEEDBACK

0 / 3  (0.0%)

Several courts could potentially have jurisdiction. It is most likely that Clara will forum shop for the jurisdiction that would most likely operate in her favor.

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At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
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Dr Depreciation Expense $3,620

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Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

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3 years ago
Bishop, Inc., is obligated to pay its creditors $8,900 during the year. a.What is the market value of the shareholders' equity i
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Answer:

The answer is $1,500

Explanation:

Accounting equation can be stated as follows:

Equity = Asset - Liability

Asset = Equity + Liability

Liability = Asset - Equity.

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The assets owned by the company totalled $10,400

Now to find market value of the shareholders' equity, we use:

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3 years ago
Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been
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Answer:

Date General Journal            Debit ($)    Credit ($)

July 31 Fees Earned                    520,400    

               Wages Expense                          488,000  

               Rent Expense                                    65,000  

               Supplies Expense                              11,200  

               Miscellaneous Expense             13,900  

               Marlena Fenton, Capital            (57,700)

(To close Revenue and Expense accounts)    

July 31 Marlena Fenton, Capital 11,000  

               Marlena Fenton, Drawing             11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital =  $520,400  -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

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