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ABC Corporation awarded John 1,000 options in 2011; each option allows him to purchase one share of ABC Corporation stock for $20. The ABC stock is selling for $18 per share at the grant date. In 2013, John exercises the options when the stock's selling price was $40 per share. In 2015, John sells the stock for $50 per share. What is ABC Corporation's deduction if they are nonqualified stock options?
Question options: 1) $18,000 in 2013 2) $20,000 in 2013 3) $40,000 in 2015 4) $0
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Prepare a sales budget for the first quarter of 2009. Determine the amount of sales revenue Dorough will report on the first of 2009 quarterly pro forma income statement.
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The machine's accounting rate of return, assuming the even receipt of its net cash flows during the year and use of straight-line depreciation.
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