Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

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Answer 1

Question

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

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Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet accounts during the period were the following ($ in millions), as shown in the table. Accounts receivable Inventories $35 Decrease $65 Increase Accounts payable and accrued liabilities $136 Decrease Income taxes payable $11 Decrease Compute the net cash provided by operating activities using the indirect method.

Compute the total amount of product cost

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Answer 2

Question

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

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Answer 3

Question

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

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Answer 4

Question

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

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Answer 5

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

Answer 6

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

Answer 7

Chapter 15, Problem 3C

1.

To determine

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

Answer 8

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

Answer 9

2.

To determine

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 15 - Prob. 1GI Ch. 15 - Prob. 2GI Ch. 15 - What are the three components and the basic...Ch. 15 - List the various rights of a shareholder. Which do...Ch. 15 - What is the meaning of the following terms: (a)...Ch. 15 - Prob. 6GI Ch. 15 - Prob. 7GI Ch. 15 - How does preferred stock differ from common stock?Ch. 15 - What amount of the proceeds from the issuance of...Ch. 15 - Prob. 10GI

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

Solution Summary: The author compares and differentiates the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensation plan.

Compare and differentiate the accounting at the date the stock is issued for the non-compensatory share option plan with that for a compensatory share option plan

Identify the journal entry that should be recorded for the compensatory share option plan at the date of the grant.

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Chapter 15 Solutions