AC302-Unit1Quiz - 1. Question : Mercury Corp. has 10,000...

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Unformatted text preview: 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? 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 three years will be 4%....
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This note was uploaded on 08/06/2011 for the course ACCT 302 taught by Professor Hinton during the Spring '11 term at Kaplan University.

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AC302-Unit1Quiz - 1. Question : Mercury Corp. has 10,000...

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