Answer:
A. Max (0, ST - X)
Explanation:
call option which is also known as a "call", can be regarded as a contract, that exist between both buyer as well as the seller of the call option, in so that security exchange at a set price can occur. It should be noted that At contract maturity the value of a call option is Max (0, ST - X) where X equals the option's strike price and ST is the stock price at contract expiration.
Answer:
The correct answer to the following question is the statement of cash flow.
Explanation:
If a owner or financial manager or any other person wants to know how the amount of money flow in and out of the company, then they can check out the company's cash flow statement .
A cash flow statement is that type of financial statement, which shows the amount of cash flow that is coming in the company and going out. This cash flow statement can be analysed to see if a company is able to generate regular flow of cash and is it able to meets its obligation ( operating expenses ) consistently .
Answer: Support Expense
Explanation:
FASB is financial accounting standards board
CPA is certified public accountant
CPA are certified by FASB and are therefore, able to conduct various authorized activities which also include preparing Form 990.
In the question, the local CPA had volunteered his time. If the organization had to hire a CPA then according to FASB codification the organization had to pay for his services. As the CPA would be providing them voluntary services therefore, the organization will treat this as support expense.