4) If bonds are initially sold at a discount and the straight-line method of amortization is used, interest expense in the earlier years will
5) The distribution of stock rights to existing common stockholders will increase paid-in capital at the
6) Treasury shares are shares
7) Which of the following is a contract-related intangible assets?
8) Which of the following taxes does not represent a common employee payroll deduction?
9) On January 1, 2014, Ellison Co. issued eight-year bonds with a face value of $ 4,000,000 and a stated interest rate of 6 %, payable semiannually on June 30 and December 31. The bonds were sold to yield 8 %. Table values are:
Present value of 1 for 8 periods at 6 %. 627 Present value of 1 for 8 periods at 8 %. 540 Present value of 1 for 16 periods at 3 %. 623