ACC 304 All Assignments ACC 304 All Assignments | Page 2

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