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1. Kellogg Company in its 2004 Annual Report in Note 1-Accounting Policies made the comment on page 853 about its accounting for employee stock options and other stock-based compensation. This was the annual report issued the year before the FASB mandated expensing stock options.
(a) Briefly discuss how Kellogg's financial statements will be affected by the adoption of the new standard.
(b) Some companies argued that the recognition provisions of the standard are not needed, because the computation of earnings per share takes into account dilutive securities such as stock options. Do you agree? Explain, using the Kellogg disclosure provided above.
Journalize the entries to record (a) the payroll and (b) the employer's payroll tax expense for the month. The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%. Only $25,000 of salaries are subject to unemployme..
cindy operates a computerized engineering drawing business from her home. cindy maintains a home office and properly
viking beer is a microbrewery that produces one type of beer. the production level is 18000 gallons per month which is
Calculate the taxable income for Tom and Terry.
using headings of assets liabilities owners equity netincome show the affect if any from the transactions
Vial-tek has an existing loan in the amount of 3.5 million with an annual interest rate of 9.5%. The company provides an internal company prepared financial statement to the bank under the loan agreement.
On March 31, 2014, Sammonds Inc. issued $250,000 face value bonds at a discount of $7,000. The bonds were retired at their maturity date, March 31, 2024.
Discuss the time and material pricing method.
Carbon Company has two classes of customers designated as C Classand D Class. Determine the profitability of each customer class using the activity information.
ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.
Determine the percentage of assets that were provided by retained earnings. How much cash is in the retained earnings account?
island novelties inc. of palau makes two products hawaiian fantasy and tahitian joy. present revenue cost and sales
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