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To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 11% discount. During May, employees purchased 13,000 shares at a time when the market price of the shares on the New York Stock Exchange was $15 per share. KL will record compensation expense associated with the May purchases of:
a)$ 195,000.
b)$ 22,150.
c)$ 21,450.
d)$ 0.
Describe the motivation for excluding “nonproductive assets from invested capital when computing return. What circumstances justify excluding intangible assets from invested capital?
The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2015. The drum sets sell for $500 each. The company has a 25% income tax rate. Prepare a contribution margi..
The Wheel of Retailing means
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One reason accounting earnings might not be a realistic measure of economic income is the incentive and ability of business managers to manipulate reported pro?ts for their own bene?t. This may be particularly true when their company has an incentive..
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