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Question - On November 1, 2014, Olympic Company adopted a stock-option plan that granted options to key executives to purchase 51,500 shares of the company's $14 par value common stock. The options were granted on January 2, 2015, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $50, and the fair value option-pricing model determines the total compensation expense to be $645,000.
All of the options were exercised during the year 2017: 38,625 on January 3 when the market price was $68, and 12,875 on May 1 when the market price was $79 a share.
Prepare journal entries relating to the stock-option plan for the years 2015, 2016, and 2017. Assume that the employee performs services equally in 2015 and 2016.
The department actually completed 600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting
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Many companies, as it is commonly known, achieve their growth through business combinations, which can be friendly combinations or hostile takeovers. Give your opinion on which type of combination is likely to occur in a company.
specal assessmentdebt may be in economic substance andor legal form an obligation of the asessed property owners rather
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