Exhibit 15-5 On January 1, 2016, Roberts Company adopts a compensatory share option plan and grants 40 executives 1,000 shares each at $30 a share. The fair value per option is $7 on the grant date. The company estimates that its annual employee turnover rate during the service period of three years will be 4%. ? Refer to Exhibit 15-5. At the end of 2017, the company estimates that the employee
turnover will be 5% a year for the entire service period. The compensation expense for 2017 will be (Round your answer to the nearest whole dollar.)
A) $77,468
B) $80,022
C) $82,575
D) $160,043
A
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The US Supreme Court rules that the use of affirmative action is unconstitutional in situations where:
a. The process to make decisions either uses quotas or has the appearance of using quotas b. The process to make decisions uses an individualized and holistic view of applicants c. The affirmative action programs are used to benefit the majority group vs the disadvantaged group d. There is pending congressional legislation that addresses the same matter
The early start of an activity that has only one predecessor is equal to the early finish of that predecessor
Indicate whether this statement is true or false.
The expected value of a depreciable asset at the end of its useful life is called ________
A) book value B) residual value C) accrued revenue D) accrued expense
On January 1, a company purchased a five-year insurance policy for $1,800 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Prepaid Insurance, $1,440; credit Insurance Expense, $1,440. B. Debit Insurance Expense, $360; credit Prepaid Insurance, $360. C. Debit Insurance Expense, $360; credit Prepaid Insurance, $1,440. D. Debit Prepaid Insurance, $1,800; credit Cash, $1,800. E. Debit Prepaid Insurance, $360; credit Insurance Expense, $360.