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Savatey [412]
3 years ago
9

On January 1, 2008. Titania, Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the c

ompany�s $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2010, by grantees still in the employ of the company, and expiring December 31, 2014. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $350,000. On April 1, 2009, 2,000 option shares were terminated when the employees resigned from the company. The market value of the common stock was $35 per share on this sale. On March 31, 2010, 12,000option shares were exercised when the market value of the common stock was $40 per share. Prepare journal entries using the fair value method to record issuance of the stock options, termination of the stock options, exercise of the stock options, and changes to compensation expense, for the years ended December 31, 2008, 2009, and 2010.
Business
1 answer:
Kryger [21]3 years ago
7 0

Answer:

what do you want me to answer ?

Explanation:

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Perez, Inc. owns 80% of Senior, Inc. During Year 1, Perez sold goods with a 40% gross profit to Senior. Senior sold all of these
den301095 [7]

Answer:

B) Sales and cost of goods sold should be reduced by the intercompany sales.

Explanation:

When a parent company consolidates its financial statements with its subsidiaries, it has to eliminate all the transactions involving intercompany sales.

In this case, Perez Inc. must adjust its consolidated financial statements by reducing the sales revenue and COGS of the transaction it made with Senior Inc. (its subsidiary).

4 0
3 years ago
HELP ASAP!!! One suggested certification for this field is Family and Community Services Competency Assessment and
lions [1.4K]
True Often, a career in Family and Community Services may be entered and followed with only certification.
f. What is considered a license, but is not necessarily a degree?
certification
4 0
3 years ago
ames Corporation is planning to issue bonds with a face value of $501,500 and a coupon rate of 6 percent. The bonds mature in 10
Yuliya22 [10]

Answer:

The independent cases not given in the question are:

a. Case A: Market interest rate (annual): 4 percent.  

b. Case B: Market interest rate (annual): 6 percent.  

c. Case C: Market interest rate (annual): 8.5 percent.

At 4% issue price is  $583,502.44

At 6% issue price is $501,500.00

At 8% issue price is $433,344.51

Explanation:

The price of the bond can be computed using the pv value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%

nper is the time to maturity multiplied by 2  i.e 10*2=20

pmt is the coupon  interest receivable by investor semi-annually which is 6%/2*$501,500=$15045

fv is the face value at $501,500

at 4%

=pv(2%,20,15045,501500)

=$583,502.44

at 6%

=pv(3%,20,15045,501500)

=$501,500.00

At 8%

=pv(4%,20,15045,501500)

=$433,344.51

8 0
3 years ago
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
pishuonlain [190]

Answer:

Following Statement is true

Operating income has increased as a percentage of revenue.

Vertical Analysis

                                                                        Year 2            Year 1        

Fees Earned                                                  $153,500       $149,700

Operating expenses                                     <u>$122,800</u>       <u>$127,245</u>

Operating Income                                          $30,700        $22,455

Operating Income as percentage of sales       20%               15%

Operating Income as percentage of sales is increased in year 2.

<u>Which of the following statements are true?</u>

Operating income has decreased as a percentage of revenue.

Operating income has increased as a percentage of revenue.

None of these choices are correct.

Operating expenses have increased as a percentage of revenue

7 0
3 years ago
Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

8 0
3 years ago
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