The stockholders’ equity accounts of novak corp. on january 1, 2017, were as follows. preferred stock (6%, $100 par noncumulative, 5,000 shares authorized) $300,000 common stock ($4 stated value, 340,000 shares authorized) 1,133,333 paid-in capital in excess of par value—preferred stock 15,000 paid-in capital in excess of stated value—common stock 544,000 retained earnings 692,000 treasury stock (5,000 common shares) 40,000 during 2017, the corporation had the following transactions and events pertaining to its stockholders' equity feb. 1 issued 4,570 shares of common stock for $27,420. mar. 20 purchased 1,650 additional shares of common treasury stock at $ 9 per share. oct. 1 declared a 6% cash dividend on preferred stock, payable november 1. nov. 1 paid the dividend declared on october 1. share cash dividend to common stockholders of record on december 15, payable december 31, 2017 dec. 31 determined that net income for the year was $ 280,500. paid the dividend declared on december 1. journalize the transactions.

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.