The service period is for three years beginning January 1 , 2015 . As a result of the option granted to Telfer , using the fair value method , Evans should recognize compensation expense for 2015 on its books in the amount of
12 ) Presented below is information related to Hale Corporation : Common Stock , $ 1 par $ 4,500,000 Paid-in Capital in Excess of Par ― Common Stock 550,000 Preferred 8 1 / 2 % Stock , $ 50 par 2,000,000 Paid-in Capital in Excess of Par ― Preferred Stock 400,000 Retained Earnings 1,500,000 Treasury Common Stock ( at cost ) 150,000
The total paid-in capital ( cash collected ) related to the common stock is
13 ) On October 1 , 2014 Macklin Corporation issued 5 %, 10-year bonds with a face value of $ 4,000,000 at 104 . Interest is paid on October 1 and April 1 , with any premiums or discounts amortized on a straight-line basis .
Bond interest expense reported on the December 31 , 2014 income statement of Macklin Corporation would be
14 ) Gannon Company acquired 10,000 shares of its own common stock at $ 20 per share on February 5 , 2014 , and sold 5,000 of these shares at $ 27 per share on August 9 , 2015 . The fair value of Gannon ' s