For an equity-classified award, what journal entry is made at the date of grant?

A)
Deferred Compensation
APIC—Stock Options

B)
Compensation Expense
APIC—Stock Options

C)
Deferred Compensation
Common Stock

D)
Compensation Expense
Deferred Compensation

Answer: A

Business

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During 2016, Kay received interest income as follows: On U.S. Treasury certificates $4,000 On refund of 2015 federal income tax 500 The total amount of interest subject to tax in Kay's 2016 tax return is

a. $4,000 b. $0 c. $4,500 d. $500

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A firm's customer targets represent a specific group of customers which the marketing manager wants to persuade to buy the product or service

Indicate whether the statement is true or false

Business