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 declared and paid $ 75,000 cash dividends on the common stock and $ 60,000 on the preferred stock . Net income for the year ended December 31 , 2015 was $ 465,000 . What should be Didde ' s 2015 earnings per common share ?
3 ) When convertible debt is retired by the issuer , any material difference between the cash acquisition price and the carrying amount of the debt should be
4 ) On July 1 , 2014 , an interest payment date , $ 90,000 of Parks Co . bonds were converted into 1,800 shares of Parks Co . common stock each having a par value of $ 45 and a market value of $ 54 . There is $ 3,600 unamortized discount on the bonds . Using the book value method , Parks would record