Which one of the following statements is not true with regard to employee compensatory share option plans?
A) When a stock option is exercised under a compensatory stock option plan, the newly issued common stock is recorded at the exercise price and the value of the options at the grant date.
B) When stock warrants are issued under a noncompensatory stock option plan, no formal journal entry is required to record the stock warrants.
C) When a stock option is exercised under a compensatory stock option plan, the newly issued common stock is recorded at the exercise price and the previously recorded value of the warrants.
D) For federal income tax purposes, any gains resulting from stock options earned by employees are taxed at ordinary income tax rates.
A
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The value of deferred tax assets and liabilities should be measured using the enacted tax rates that will be in existence when the temporary differences initially occur
Indicate whether the statement is true or false
All of the following are true statements EXCEPT ______.
A. impression management can be abused if not used properly B. impression management can turn into manipulation C. we can decide not to engage in impression management D. careerists will use self-promotion to advance themselves at the expense of others
?Describe the first twostages of career development,and briefly describe what stagesthree through five have in common.
What will be an ideal response?
Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has? A)?a legal duty beyond those duties mandated by ethics
B)?an ethical duty beyond those duties mandated by law. C)any duty beyond those mandated by both ethics and the law.? D)?any duty when it is uncertain whether a legal duty exists.