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