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