Intermediate Accounting
Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 19, Problem 19.7BE

Employee Stock Options, Liability-Classified Awards, Journal Entries after Grant Date. The Goldwick Company awarded 1 000 options to acquire 1 000 shares of its common stock, which can be sold back to the company. The options vest over 3 years. The market price and the exercise price were both equal to $12 per share on the date of the grant. At the grant date the options have a fair value of $15 each. Prepare the journal entry at the end of the first year assuming that the fair value does not change during the year.

Chapter 19, Problem 19.7BE, Employee Stock Options, Liability-Classified Awards, Journal Entries after Grant Date. The Goldwick

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The output of a company's mixing department during the period consists of 24,800 units completed and transferred out, and 14,300 units in ending Work in Process that were 30% complete as to materials and conversion costs. The beginning inventory was 16,800 units that were 10% complete as to materials and conversion costs. Under the weighted-average method, what are the equivalent units of production for materials? a. 30,770 b. 29,090 c. 24,800 d. 4,290
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Intermediate Accounting

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