Answer:
a. Common stock acquired by the company in the open market & recorded as negative equity
Explanation:
A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.
A limited partnership is owned by a small pool of investors; if there is only one owner, then it is a sole proprietorship.
I think the answer is 4 all of the above.
Answer:
$5,000
Explanation:
Calculation to determine what Travel, Inc. should report as interest payable at December 31, 2021
Interest payable at Dec 31,2021= $500,000 * 6% * 2 months/12 months
Interest payable at Dec 31,2021= $5,000
(November 1 - December 31 = 2 months)
Therefore Travel, Inc. should report interest payable at December 31, 2021, in the amount of:$5,000
