ACC202WA5ExcelCH19 - Student Name: Class: Problem 19-06...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Student Name: Class: Problem 19-06 Requirement 1: WALTERS AUDIO VISUAL, INC. Total Compensation Cost ($ in millions, except "per option" amounts) At January 1, 2011, the estimated value of the award is: Estimated fair value per option Options granted Total compensation WALTERS AUDIO VISUAL, INC. General Journal ($ in millions) Account Debit Credit Requirement 2: Compensation expense Paid-in capital - stock options Deferred tax asset Tax expense Requirement 3: Compensation expense Paid-in capital - stock options Deferred tax asset Tax expense Requirement 4: Cash Paid-in capital - stock options Common stock (40 million shares at $1 par per share) Paid-in capital - excess of par Income taxes payable Deferred tax asset Paid-in capital - tax effect of stock options Requirement 5: Compensation expense Paid-in capital - stock options Requirement 6: Cash Paid-in capital -stock options Common stock (40 million shares at $1 par per share) Paid-in capital - excess of par
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
WALTERS AUDIO VISUAL, INC. $1 par common share options granted
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/16/2011 for the course ACCOUNTING 202 taught by Professor ?? during the Spring '10 term at Thomas Edison State.

Page1 / 8

ACC202WA5ExcelCH19 - Student Name: Class: Problem 19-06...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online