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AC302-Unit1Quiz - 1 Question...

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1. Question : Mercury Corp. has 10,000 shares of $10 par, cumulative, 6% preferred stock and 10,000 shares of common stock outstanding since being  organized at the beginning of 2010. It declared its first dividend of $40,000 at the end of 2012. This means that 2. Question : For a stock appreciation rights (SAR) compensation plan, the measurement date is the date 3. Question : When accounting for a fixed compensatory stock option plan, a company must make which of the following on the date of grant?
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4. Question : On January 1, 2010, Roberto Company adopts a compensatory stock option plan and grants 40 executives 1,000 shares each at $30 a share.  The fair value per option is $7 on the grant date. The company estimates that its annual employee turnover rate during the service period of  three years will be 4%. However, at the end of 2011, the company estimates that the employee turnover will be 5% a year for the entire service 
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