date( during 20x7) was $ 18. The fair values of one right, based on an option pricing model, are as follows: What amount of compensation expense is recognized for years 20x6 and 20x7?
Question 13
Mobe Co. reported the following operating income( loss) for its first three years of operations: For each year, there were no deferred income taxes, and Mobe ' s effective income tax rate was 30 %. In its 2004 income tax return, Mobe elected to carry back the maximum amount of loss possible. In its 2005 income statement, what amount should Mobe report as total income tax expense?
Question 14
Interest cost included in the net pension cost recognized for a period by an employer sponsoring a defined benefit pension plan represents the
Question 15
At the beginning of 20x4, XCOR Inc. granted executives a total of 2,000 options to purchase the firm ' s stock beginning in 20x7. The fair value of each option at grant date was $ 3. Initially, no forfeitures were anticipated. During 20x5 however, forfeitures are apparent. The firm estimates a 2 % forfeiture rate each year during the service period. What amount of compensation expense is recognized for 20x5?
Question 16 Choose the correct statement about restricted stock plans. Question 17
A stock option plan granted 2,000 options each with a fair value of $ 2.50 on January 1, 20x4. The option price was $ 20 per share and the stock price was $ 5 on the grant date. The options were exercisable beginning 20x7 and were exercised when the market price of the $ 5