039.EXPLANATION(039 OPTIONS)($11) = $1429$1429 / $16 PER SHARE...

1, - UNDERSTANDING INCOME STATEMENTS 1 1, - UNDERSTANDING INCOME STATEMENTS 1
UNDERSTANDING INCOME STATEMENTS 1
1,039.Explanation(1,039 options)($11) = $11,429$11,429 / $16 per share1039 − 714 = 325 shares or [(16 − 11) / 16]1,039 = 325.

Question #22 of 90

Question ID: 414063

Under the general principles of accrual accounting, revenue is recognized when:ض A)earned, and expenses are recognized when incurred.غ B)the good or service is delivered or cash is received, whichever is earlier.غ C)cash is received, and expenses are recognized when cash is paid.The principle of accrual accounting is that revenue is recognized when earned, and expenses are recognized when incurred.

Question #23 of 90

Question ID: 414161

The following data pertains to the Sapphire Company:Net income equals $15,000.

st