Answer:
the exchanges on which stock options are traded
Explanation:
The Option Clearing Corporation is a clearing house based in the United States and they provide settlement, clearing, and central counterparty services.
They deal in options such as options, futures, and security lending.
The OCC is owned by the exchange on which they are traded such as Intercontinental Exchange's NYSE ARCA, NYSE MKT, Nasdaq and Cboe Global Markets.
Answer:
C. $ 76,000
Explanation:
a) Accounting Entry of Cash Paid for Interest
Debit: Interest expense $ 70,000
Credit: Cash $ 70,000
b) Accounting entry of decrease in Accrued Interest Payable
Debit: Interest Payable $ 17,000
Credit: Interest Expense $ 17,000
C) Accounting Entry of Decrease in Prepaid Interest
Debit: Interest Expense $ 23,000
Credit: Prepaid Interest $ 23,000
If interest expenses of above mentioned 3 accounting entries are accumulated then answer will be as follows;
Interest Expense: $70,000-$17,000+$23,000= $ 76,000
I'm not really sure about that tho
'Actual Tigers Company'
Total Assets
$100,000
Stockholder Equity: $30,000
$100,000 - $30,000 = $70,000
$70,000 + $30,000 = $100,000
Total Assets - Equity = $70,000 (total liabilities)
$70,000 + Equity = $100,000 (total assets)
In accounting if we minus the total assets ($100,000) with equity ($30,000) it will always give the "total liabilities" which is (70,000)
Then, adding the "total liabilities" ($70,000) with the equity ($30,000) equals $100,000 equal like as the "total assets"of $100,000
The total assets MUST match the total liabilities. If they don't match then either the calculation of the total assets are inaccurate or the numbers are estimated wrong to recalculate.