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Question
How much compensation expense will be recorded for the year ending December 31, 2013 using the fair value approach?
A. $75,000
B. $175,000
C. $50,000
D. $25,000
Answer
This answer is hidden. It contains 25 characters.
Related questions
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Briefly explain the forces behind the rise of IFRS.
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The Black Corporation has provided the following information:
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Increase in prepaid expenses: $14,000
Amortization of discount on bonds payable: $10,000
Decrease in accounts payable: $20,000
Increase in inventory: $21,000
Dividends declared: $39,000
Dividends paid: $36,000
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Which of the following correctly describes U.S. GAAP accounting for convertible bonds and the implication of that requirement?
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550,000 shares of common stock were outstanding on January 1, 2011.
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D. Outstanding stock options.
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B. $7,000,000
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What is the owners' equity balance on December 31, 2012?
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What is the retained earnings balance on December 31, 2012?
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C. Its focus is on owners' equity.
D. Whether creditors or shareholders provided the firm's assets is irrelevant.
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When using the acquisition method to account for a business combination, the subsidiary's assets and liabilities are reported on the consolidated balance sheet at their fair values regardless of the level of ownership attributable to the minority shareholders.