compensation expense Weiser should record for 2015 under the fair value method is
6) Carr Corporation retires its $ 300,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $ 311,235. The entry to record the redemption will include a
7) 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.
The entry to record the issuance of the bonds would include a credit of