Reference no: EM133024785
Question - On July 1, 2020, Atlantic Company granted Rus, an employee, an option to buy 600 shares of Atlantic Co. stock for $30 per share, the option is exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $2,700. Rus exercised his option on October 1, 2020 and sold his 600 shares on December 1, 2020. Quoted market prices of Artichoke Co. stock in 2020 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2020.
Required -
-As a result of the option granted to Rus, using the fair value method, Atlantic should recognize compensation expense on its books in the amount of what amount?
-What amount would Atlantic recognize as compensation expense on the date Rus converts the option?
-What is the effect on Net Income of Atlantic on the date grant?
-What is the effect on Net Income of Atlantic on the date of conversion?
|
What the total amount of indirect manufacturing cost
: Dake Corporation's relevant range of activity is 3,100 units to 6,500 units. If 3,800 units are produced, what the total amount of indirect manufacturing cost
|
|
Calculate diluted earnings per share
: Question - On December 31, 2021, Culver Co. had 178,500 common shares outstanding. Calculate diluted earnings per share
|
|
What would the amount be as of december
: What would the amount be as of December 31, 2023 for any Deferred Tax Asset / Liability to be recorded on the balance sheet for ABC
|
|
What will the cash flows for this project be
: You will be replacing 5 fully- 15 depreciated vans, which you think you can sell for $3,100 a piece, What will the cash flows for this project be
|
|
What is the effect on net income of atlantic on date grant
: Quoted market prices of Artichoke Co. stock in 2020 were: July 1 $30 per share. What is the effect on Net Income of Atlantic on the date grant
|
|
What is the value of the quick ratio
: Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of the quick ratio
|
|
Explain recognition of temperament and correlation
: Explain recognition of temperament and Correlation? Describe what is meant by sensing/intuiting and judging/perceiving?
|
|
Networking capabilities in developing countries
: Discuss the current major limitation of networking capabilities in developing countries?
|
|
Presenting options for a business trip
: In this assignment, you will be presenting options for a business trip for your executive from Winnipeg to Ottawa.
|