common stock was $ 24 per share at December 31, 2014, and $ 25 per share at December 31, 2015. The cost method is used to record treasury stock transactions. What account( s) should Gannon credit in 2015 to record the sale of 5,000 shares?
15) When computing diluted earnings per share, convertible bonds are
16) Jeff Corporation purchased a limited-life intangible asset for $ 225,000 on May 1, 2013. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2015?
17) A corporation called an outstanding bond obligation four years before maturity. At that time there was an unamortized discount of $ 750,000. To extinguish this debt, the company had to pay a call premium of $ 250,000. Ignoring income tax considerations, how should these amounts be treated for accounting purposes?
18) Slack Inc. borrowed $ 320,000 on April 1. The note requires interest at 12 % and principal to be paid in one year. How much interest is recognized for the period from April 1 to December 31?