ACC 304 Final Exam Part 1 ( 3 Sets )
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 .
2 ) Didde Co . had 300,000 shares of common stock issued and outstanding at December 31 , 2014 . No common stock was issued during 2015 . On January 1 , 2015 , Didde issued 200,000 shares of nonconvertible preferred stock . During 2015 , Didde