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!
JBL Aircraft manufactures and distributes aircraft parts and supplies. Employees are offered a variety of share-based compensation plans. Under its non qualified stock option plan. JBL granted options to key officers on January 1,2013. The options permit holders to acquire six millions of the companies $1 par common shares for $22 within the next six years, but not before January 1, 2016 (the vesting date). The market price of the shares on the date of grant is $26 per share. The fair value of the 6 million options., estimated by an appropriate option pricing model, is $6 per option because the plan does not qualify as an incentive plan. JBL will receive a tax deduction upon exercise of the options equal to the excess of the market price at exercise over the exercise price. The tax rate is 40%. Required
1. Determine the total compensation cost pertaining to the incentive stock option plan(Enter your answers in millions.)
2. Prepare the appropriate journal entries to record compensation expense and its tax effect on December 31, 2013, 2014 and 2015 3. Record the exercise of the options and their tax effect if all of the options are exercised on August 21, 2017, when the market price is $27 per share .
explain the procedures of apportionment of overhead expenses through departmentalization with the help of practical
Assume that you have been selected as an expert panelist at the next Society for Human Resource Management seminar to discuss the future of federal employees. Discuss at least two points that you would address in your speech regarding their fut..
A firm is trying to determine whether to replace an existing asset. The proposed asset has a purchase price of $50,000 and has installation costs of $3,000. The asset will be depreciated over its five year life using the straight-line method.
what is opportunity cost and why is it an important concept in the capital budgeting process? the opportunity cost
darter company manufactures two products product f and product g. the company expects to produce and sell 1600 units of
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2013.
On october 1 2010 jordan reaquired 100 shares at $50. On november 1 2010 jordan reissued the 100 shares at $40. Jordan had no previous treasury stock transaction. Prepare jordan entries to record these transaction using the cost method.
listed here are the total costs associated with the 2011 production of 1000 drum sets manufactured by neatbeat. the
the chief cost accountant for dr. cinnamon beverage co. estimated that total factory overhead cost for the blending
Elaine owns an unincorporated manufacturing business. In 2011, she purchases and places in service $250,000 of qualifying five-year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $70,000..
saturn co. purchases a used machine for 167000 cash on january 2 and readies it for use the next day at an 3420 cost.
the following information is available for lock-down company which produces special-order security products and uses a
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