ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 2

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 5) The distribution of stock rights to existing common stockholders will increase paid-in capital at the 6) Treasury shares are shares 7) Which of the following is a contract-related intangible assets? 8) Which of the following taxes does not represent a common employee payroll deduction? 9) On January 1, 2014, Ellison Co. issued eight-year bonds with a face value of $4,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6% .627 Present value of 1 for 8 periods at 8% .540 Present value of 1 for 16 periods at 3% .623 Present value of 1 for 16 periods at 4% .534 Present value of annuity for 8 periods at 6% 6.210