The Pita Pit borrowed $205,000 on November 1, 2021, and signed a six-month note bearing Interest at 12%. Principal and Interest are payable in full at maturity on May 1, 2022 In connection with this note, The Pita Pit should report Interest expense at December 31, 2021, In the amount of:. (Do not round your intermediate calculations.) a. $12.300.
b. 84,100.
c. 524,600.
d. 0.

Which of the following is one important difference between a general partnership and a limited partnership? a. a limited partnership makes a single partner fully responsible for all of the business's debts. b. the partners in a limited partnership may only own a small percentage of the company's stock. c. a limited partnership allows some business decisions to be made individually. d. every partner in a general partnership is fully responsible for the business's debts.