Answer:
decrease of 32,000 dollars
Explanation:
the treasury sotck are recorded at cost:
4,000 shares x $8 per share = $32,000
the treasury stock is a contra.equity account that decreases the total stockholders' equity
As this shares are no longer outstading they are held by the firm thus, the capital fund of the firm are lower.
Also notice asset decrease as well because we use cash to acquire them.
Answer:
a value exchange
Explanation: Hope this help:)
Answer
Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner
Explanation:
Limited Partnership (LP)
This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.
RULPA
This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.
Limited Partner
This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.
General Partner
It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.
In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.
Answer:
ello
Explanation:
I'll be your fren if that's what cha asking :^
