FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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M Company prepares its financial statements using IFRS. M will record a
a. for the cumulative amount of the fair value of the options M has recorded for compensation expense.
b. for the portion of the options’ intrinsic value earned to date times the tax rate.
c. for the tax rate times the amount of compensation.
d. unless the award is “in the money;” that is, it has intrinsic value.
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