On january 1, 2021, adams-meneke corporation granted 40 million incentive stock options to division managers, each permitting holders to purchase one share of the company’s $1 par common shares within the next six years, but not before december 31, 2023 (the vesting date). the exercise price is the market price of the shares on the date of grant, currently $34 per share. the fair value of the options, estimated by an appropriate option pricing model, is $6 per option. management’s policy is to estimate forfeitures. no forfeitures are anticipated. ignore taxes. required: 1. determine the total compensation cost pertaining to the options on january 1, 2021. 2. prepare the appropriate journal entry to record compensation expense on december 31, 2021. 3. unexpected turnover during 2022 caused an estimate of the forfeiture of 5% of the stock options. prepare the appropriate journal entry(s) on december 31, 2022 and 2023 in response to the new estimate.

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.

What should a potential employee consider before agreeing to a contract? a. salary b. benefits c. pension d. all of the above