When accounting for a fixed compensatory share option plan, a company must record which of the following on the date of grant?
A) a journal entry recognizing the common stock issued
B) a journal entry recognizing the compensation expense
C) a memorandum entry explaining the terms of the compensatory share option plan
D) a memorandum entry of the expected annual compensation expense amount
C
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What is the relationship between the Securities and Exchange Commission and accounting standard setting in the United States?
A) The SEC requires all companies listed on an exchange to submit their financial statements to the SEC. B) The SEC coordinates with the FASB in establishing accounting standards. C) The SEC has a mandate to establish accounting standards for corporations listed in the U.S. capital markets. D) The SEC reviews financial statements for compliance with U.S. GAAP or IFRS.
Which sentence is correctly punctuated?
A) Many companies now sell their products and services online, on the other hand, some companies focus exclusively on in-house sales. B) Many companies now sell their products and services online; on the other hand, some companies focus exclusively on in-house sales. C) Many companies now sell their products and services online; on the other hand, Some companies focus exclusively on in-house sales.
When a(n) ______ from one table is stored as an attribute of another table, that attribute is called a(n) ______.
a. primary key; foreign key b. object; entity c. foreign key; primary key d. entity; attribution
Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,530 patient-visits and the actual level of activity was 1,490 patient-visits. The cost formula for administrative expenses is $4.00 per patient-visit plus $15,300 per month. The actual administrative expense was $19,810. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was:
A. $820 F B. $1,450 F C. $1,610 F D. $160 F