Control limits are chosen statistically so that there is a high probability that sample statistics will fall randomly between the lower control limit and the upper control limit if the process is in control

Walker, Incorporated uses stock options as a compensation incentive for its top executives. On January 1, Year 1, 25,000 options were granted, each giving the holder the right to acquire four $5 par common shares. The exercise price is $15 per share. Options vest on January 1, Year 5 and cannot be exercised before that date and will expire on December 31, Year 8.. The fair value of the 25,000

options, estimated by an appropriate option pricing model is $50 per option. Refer to Walker Corporation. Make the journal entries to record the granting of the options and the compensation for Year 1. What will be an ideal response?

Stockholders elect the board of directors who then appoint the officers of a corporation

Indicate whether the statement is true or false