10 ) 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 .
11 ) Which of the following taxes does not represent a common employee payroll deduction ?
12 ) Which of the following is an example of a contingent liability ?
13 ) Sawyer Company self-insures its property for fire and storm damage . If the company were to obtain insurance on the property , it would cost them $ 1,500,000 per year . The company estimates that on average it will incur losses of $ 1,200,000 per year . During 2014 , $ 525,000 worth of losses were sustained . How much total expense and / or loss should be recognized by Sawyer Company for 2014 ?