The most accurate term to refer to workers in the Knowledge-Worker Age is:

Accruals can occur when cash flows precede either revenue or expense recognition.

a. true b. false

Logan, an employee of Argon Industries, earned a salary of $60,000 in Year 2. In addition, the following two transactions between Logan and Argon occurred in Year 2: Logan received a bonus of 100 shares of publicly-traded stock worth $13,000 with a basis to Argon of $8,000, and Logan purchased 1,000 shares of unrestricted Argon stock pursuant to a nonqualifying stock option plan for $10 per share when stock was valued at $25 per share. What amount of compensation should Argon report in Logan's Form W-2 for Year 2?

a) $60,000 b) $93,000 c) $73,000 d) $88,000