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