Which of the following is NOT usually true about employee stock options?
A. There is a vesting period
B. They can be sold to other employees
C. They are often at-the-money when issued
D. Their value is currently a charge to the income statement
B
Employee stock options cannot be sold. A, C, and D are true.
Business
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A single-family residence with a one-car garage may be an example of
a. external obsolescence. b. functional obsolescence. c. economic obsolescence. d. environmental obsolescence.
Business
Of the following, which best describes a second mortgage?
a. One always made by a seller b. One of equal standing with the first mortgage on the same property c. A junior lien on real estate d. None of these
Business