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ACC 304 Final Exam Part 1 (3 Sets)

1) Swing High Inc. offers its 100 employees to participate in
an employee share-purchase plan. Under the terms of plan,
employees are entitled to purchase 10 shares at 10% discount.
The par values of shares were $10. Overall, 60 employees
accepted the offer and each employee purchased six shares. The
market price on purchase date was $100.

2)
Didde Co. had 300,000 shares of common stock issued
and outstanding at December 31, 2014. No common stock was
issued during 2015. On January 1, 2015, Didde issued 200,000
shares of nonconvertible preferred stock. During 2015, Didde