What Kind of Case Would Be Brought Before a Diversity

question 53

Multiple Choice

What kind of case would be brought before a diversity of citizenship court?

• A)A civil suit where the matter in question exceeds $75,000.
• B)A civil suit between citizens of different states.
• C)A criminal court appeal.
• D)A case where bias was charged against one citizen by another.
• E)A case against the government.

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Definitions:

Pension Reform Act

Legislation aimed at improving, modifying, or reforming the guidelines and operations of pension schemes and retirement benefits.

Net Periodic Pension Cost

The total cost charged to expense related to pension plans during a certain period, including service and interest costs.

Defined Benefit Pension Plan

A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an algorithm involving salary, age, and years of service.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used in financial reporting and accounting.