Which of the following is true about stock-based compensation? (check all that apply)
Companies receive a tax deduction when employees exercise stock options
Stock-based compensation expense is always reported as part of Selling, General, and Administrative (SG&A) expense
Stock-based compensation expense is adjusted based on movements in stock price after the exercise date
The fair value of an option grant is always greater than the strike price of the option grant
Stock-based compensation expense must be added back in the Operating section of SCF under the indirect method