How would an auditor generally measure the value of a stock option expense?
a. Fair value.
b. Appraised value
c. By computing a weighted average value of all classes of stock authorized.
d. All of these methods can be used.
a
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Identify the steps in the selling process
What will be an ideal response?
________ refers to a measure of the sensitivity of demand to changes in price
A) Price elasticity B) A demand curve C) Price-value equation D) Marginal utility E) Income elasticity of demand
The journal entry to record the payment of an ordinary note is:
A) debit Cash; credit Notes Payable. B) debit Cash; credit Accounts Payable. C) debit Notes Payable and Interest Expense; credit Cash. D) debit Notes Payable and Interest Receivable; credit Cash.
Jemmott Corporation has two divisions: Western Division and Eastern Division. The following report is for the most recent operating period: Total CompanyWestern Division Eastern DivisionSales$406,000$188,000 $218,000 Variable expenses 111,880 63,920 47,960 Contribution margin 294,120 124,080 170,040 Traceable fixed expenses 191,000 85,000 106,000 Segment margin 103,120 39,080 64,040 Common fixed expenses 69,020 31,960 37,060 Net operating income$34,100$7,120 $26,980 The common fixed expenses have been allocated to the divisions on the basis of sales. The company's overall break-even sales is closest to:
A. $94,243 B. $358,929 C. $271,743 D. $264,685