Compensation expense related to employee stock option plans is to be measured by the excess of the
a. option price over the fair value of the stock at the date the options are granted.
b. fair value of the stock over the option price at the date the options are exercised.
c. option price over the fair value of the stock at the date the options are exercised.
d. fair value of the stock over the option price at the date the options are granted.
D
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The expectation (concept) that a business can continue to exist, even after it is sold to others is known as:
a. Going concern b. Business entity c. Accounting equation d. Information usefulness
The authors believe that the most serious competition nonprofits often face is
a. the growth of other nonprofits b. the status quo c. generating funding d. enlisting volunteers e. identifying generic competition