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straight-line depreciation - accounting method which reflects an equal amount of wear and tear during every period of an assets useful life for
q what is stock splitstock split - increase in number of shares of a companys common stock outstanding that result from the issuance of additional
stock rights - stock rights are rights issued to stockholders of a corporation which entitle them to purchase new shares of stock in the corporation
new rules seci effective for years after december 15 2006ii new disclosures mandated1 fair value of options on grant date2 value of grant per 123r3
q explain about tax ramificationsi exercise price effects capital gains of individual and effects compensation expense used by corporation for
sec reporting implicationsi potentially inaccurate reporting of executive compensation in proxy statements and annual reportsii potential violation
q illustrate accounting ramificationsaccounting ramificationsi restatementii unable to file on timely basis while go back and determine what periods
q explain forward loading with exampleterms may involve option to be issued with price to be determined based upon lowest price as of the issue date
q explain about spring and forward loadingspring loading - timing of option grants to occur before good news or after bad news is releasedconcerns
q describe about backdatingi exercise price is based on a lower share price prior to option grant date practice of marking a document with a date
q explain in the money and out of the money optionin the money option - option granted with an exercise price below market price on grant dateout of
q what is fair value in stock marketfair value - amount at which an asset or liability could be bought or incurred or sold or settled in a current
q what do you understand by measurement date in stock optionmeasurement date - the date at which equity share price and other pertinent factors like
q what do you mean by grant date in stock optiongrant date - the date at which an employee and an employer reach a mutual understanding of key terms
stepped up basis -usually the foundation of property acquired by inheritence bequest or device from a decendant is the fair market value of the
statute of limitations - this sets out the period within that actions may be brought upon claims or within which rights may be enforced as it
q standards for accounting and review servicesstatements on standards for accounting and review services ssars - statements issued by american
q explain statement of financial conditionstatement of financial condition -elementary financial statement generally accompanied by appropriate
statement of cash flows - a statement of cash flows is one of the fundamental financial statements which is required as part of a complete set of
individual taxpayers who dont itemize their deductions are entitled to a standard deduction amount by which to decrease adjusted gross income in
q what is auditors report explainspecial report - special report is a term used for auditors reports issued in connection with various types of
small business stock -no corporate investors can exclude up to 50 percent of the gain they realize on disposition of qualified small business stock
simple trust - this type of trust is essential to distribute all its income currently whether or not the trustee actually does so and it has no
simple plans - an employer can adopt a simplified retirement plan known as a simple plan savings incentive match plan for employees if it has fewer
q explain the single audit actsingle audit act - single audit act of 1984 and single audit act amendments of 1996 establish requirements for audits