If an employee forfeits a stock option because of failure to satisfy a service requirement, the company should record paid-in capital from expired options

A business makes a payment in cash for advertising expense. Which of the following accounts is debited?

A) Cash B) Accounts Payable C) Accounts Receivable D) Advertising Expense

Valerie contracted with Timothy to sell her shares of stock to him for $500 even though she knew the company was about to go bankrupt and the stock was worth $5. If a court wanted to punish Valerie for her actions they would assess ________ damages.

a. Nominal b. Consequential c. Punitive d. Compensatory