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?