ACC 304 Final Exam Part 1 ( 3 Sets ) For more course tutorials visit www . tutorialrank . com
ACC 304 Final Exam Part 1 ( 3 Sets ) For more course tutorials visit www . tutorialrank . com
ACC 304 Final Exam Part 1 ( 3 Sets ) 1
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 .
What is the compensation expense recorded by Swing High Inc .?
2 ) The interest rate written in the terms of the bond indenture is known as the
3 ) Which of the following methods of amortization is normally used for intangible assets ?
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