Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 1, 2006, Sooner or Later Inc. granted 1,000 at-the-money employee stock options (i.e., the exercise price was equal to the stock price on the grant date). To align the compensation of the employees with the financial performance of the company, the award will vest only if cumulative revenue over the following three-year reporting period is greater than $10 million and the employees are still employed by Sooner or Later. As of the date of the grant, management believes it probable that the company will achieve cumulative revenue in excess of $10 million over the following three-year period. Each award has a grant-date fair value of $9. Sooner or Laters valuation professionals have indicated that if the revenue target was factored into the fair value assessment, the grant-date fair value would be $6. Sooner or Later adopted ASC 718, Compensation Stock Compensation (FASB Statement No. 123(R), Share-Based Payment), in 2005. Revenue in each of the next three years was as follows: 2006: $2 million 2007: $5 million 2008: $4 million Required: 1.Should Sooner or Later use the $6 grant-date fair value or the $9 grant-date fair value to measure its compensation cost?
2. Over how many years should Sooner or Later recognize compensation cost associated with the stock options, and how much, if any, should be recognized in each of those years? The effects of forfeitures and income taxes should be ignored.
Evaluate a tolerable difference for your analytical procedure.
In the purchasing processes, illustrate what is often the first part of the process? Name at least four receiving transactions, in the order the processes occur.
What are the major advantages besides disadvantages of each of the four types of auditing careers? What other kinds of auditing careers are available to those who are qualified?
Prepare a flowchart documenting the sales/collection process for ELM Corporation
Preparation of journal entries and adjusting entries for a publisher of magazine and journal entries to record the newsstand sales and subscriptions received.
Partnership agreement of Nieto, Keller, and Pickert provides for the subsequent income ratio
Purpose a statement of cash flows. Use the indirect method of reporting cash flows from operating activities
It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..
Elucidate the technique the company is using that may constitute a financial shenanigan. Indicate both the technique used and how the auditor should react.
Explain the action, if any, you would recommend to management in relation to the accounting treatment of every items.
Find the Straight-line depriciation method and The Double-declining depriciation method
How many dollars of net income were earned for each dollar invested by the owners? Explain how able is a company to meet interest charges as they fall due?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd