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1. (Issuance, Exercise, and Termination of Stock Options) On January 1, 2010, Magilla Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the company's $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2012, by grantees still in the employ of the company, and expiring December 31, 2016. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $400,000.On April 1, 2011, 3,000 options were terminated when the employees resigned from the company. The market value of the common stock was $35 per share on this date. On March 31, 2012, 12,000 options were exercised when the market value of the common stock was $40 per share. Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2010, 2011, and 2012.
If a manager wants to implement team building approach, what does he or she need to learn?
brady service center just purchased an automobile hoist for 31310. the hoist has an 8-year life and an estimated
A company receives a letter from a customers named Mary stating that she is bankrupt. the entry to write off her balance of $1,250 would be
dr. getacheck wants to make sure that in 10 years his daughter will have 50000 for college upon highschool graduation.
Makes recommendations for the company to minimize the threat of lawsuits relating to privacy protection, product liability, or intellectual property rights.
What is the Yellow Book, and why has it influenced audits both of state and local governments and of not-for-profit organizations?
Identify three out of four types of classifications for non-influential investments in securities.
anyone know of an online financial calculator that will calculate things like this for me?the management of bischke
internal control implementation is an important part of managers role and responsibility. garrison et al. state that
Complete this case involving Adelphia Communications, available online in the Connect library. By completing the requirements of this case, which ask you to explain how accounting concepts apply to Adelphia's business, you will learn the challenges a..
The Duce Company has five plants nationwide that cost $100 million. The current market value of the plants is $500 million. The plants will be recorded and reported as assets at
lee loaned his daughter 11000 to help her at school. lee told his daughter that he was forgiving the debt as a
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