On january 1, year 1, lord corp. granted stock options for 10,000 shares at $38 per share as additionalcompensation for services to be rendered over the next three years. using an acceptable option pricingmodel, lord calculated total compensation cost of $90,000. the options are exercisable during a 4-yearperiod beginning january 1, year 4, by grantees still employed by lord. market price of lord's stock was $47per share at the grant date. no stock options were terminated during year 1. in lord's year 1 incomestatement, what amount should be reported as compensation expense pertaining to the options? a. $90,000b. $40,000c. $30,000d. $0

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t