Answer:
55,000 shares
Explanation:
Given that
60000 shares were originally given
5000 were subsequently reacquired
Thus. Net number of shares issued
= number of shares originally issued - number subsequently reacquired
= 60000 - 5000
= 55,000
Number of outstanding shares therefore is 55,000.
NOTE that, outstanding shares refer to the number of shares that has been issued, purchase or authorized by investors, that is, the number of shares currently held by all is shareholders.
Answer:
a. Negative equity.
Explanation:
Negative equity occurs when the market value of an asset being obtained through the loan is less than the amount that is on the loan balance.
For example if a car is being obtained for a loan amount of $1,200, and the market value of the car is $1,000. This is a situation of negative equity.
Negative equity can occur as a result of excessive interest payment as is seen in long term mortgages. When a customer is paying small amount on mortgage over 30 years the value of the house will most likely be lower than the total loan amount that will be paid.
I believe the least likely result is <span>The Securities and Exchange Commission could fine Bob..
</span>When Bob is working for someone, the owner of the establishment is the one that most likely to receive fine from the Securities and Exchange Comission since it would be very likely that Bob's just following his leader's order.
The bank’s action is considered to be legal though it is
unethical. It is because having to take the information of Clement is legal
though it is considered unethical because they used his information just to
sell him the insurance policies.
Answer:
April 5
Debit : Merchandise $36,000
Credit : Accounts Payable - Tamarisk Company $36,000
April 6
Debit : Accounts Payable - Tamarisk Company $920
Credit : Cash $920
April 7
Debit : Equipment $30,500
Credit : Accounts Payable $30,500
April 8
Debit : Accounts Payable - Tamarisk Company $4,200
Credit : Merchandise $4,200
April 15
Debit : Accounts Payable - Tamarisk Company $30,880
Credit : Discount received $926.40
Credit : Cash $29,954
Explanation:
Working for Journal on April 15
Balance = $36,000 - $920 - $4,200
= $30,880
Discount = $30,880 x 3%
= $926.40
Amount Paid = $30,880 - $926.40
= $29,954
