Taking a physical count of inventory
a. is not necessary when a periodic inventory system is...
Business, 15.10.2019 04:30 cyberdac01
Taking a physical count of inventory
a. is not necessary when a periodic inventory system is used.
b. has no internal control relevance.
c. is not necessary when a perpetual inventory system is used.
d. should be done near year-end.
Answers: 3
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On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.
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