Intermediate Accounting, 10 Ed
10th Edition
ISBN: 9781260310177
Author: Mark W. Nelson, Wayne B. Thomas J. David Spiceland
Publisher: McGraw-Hill Education
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Prepare the journal entries, with appropriate journal entry descriptions, for 2020, including any required year-end adjusting entries.The company prepares annual adjusting entries.
On December 31, 2019, Mason Company made following proper year-end adjusting entries:
1. Prepare journal entries to record whatever reversing entries you think appropriate. 2. Explain your reasoning for each reversing entry.
TNT CORP HAS THE FOLLOWING STOCK OPTION INFORMATION:
OPTIONS GRANTED
8,000,000
GRANT DATE
1/1/2018
PAR VALUE/UNIT
EXERCISE PRICE
VESTING DATE
EXPIRATION DATE
FV/UNIT OPTION
OPTIONS EXERCISED
EXERCISE DATE
MARKET PRICE
1
21
12/31/2021
12/31/2026
4.55
4,210,000
7/11/2024
36.5
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