答案和详解如下： Q1. Falcon Corporation offers two separate stock compensation award plans to its employees. The first plan is a service-based award and the second plan is a performance-based award that is tied to the market price of Falcon’s stock. Is it necessary for Falcon to adjust compensation expense at the end of the vesting period for awards that do not vest? A) Adjust one plan only. B) Adjust both plans. C) Adjust neither plans. Correct answer is A) For both service-based plans and performance-based plans related to a nonstock price goal, it is necessary to adjust compensation expense for awards that do not vest. For performance-based plans tied to the stock price, compensation expense is not adjusted. Q2. Which of the following statements about stock-based compensation are correct or incorrect? Statement #1: The grant date of a service-based award is the date when the employees’ benefits are fully vested. Statement #2: When two or more performance conditions must be satisfied, the requisite service period ends when the first condition is met.
A) Only one is correct. B) Both are incorrect. C) Both are correct. Correct answer is B) The grant date is the date an award is approved by the board of directors or compensation committee. When two or more performance conditions must be satisfied, the requisite service period does not end until all conditions are met. Q3. For stock compensation plans, where are the excess tax benefits and the tax benefits related to compensation expense respectively reported in the cash flow statement? A) Finance activities; Operating activities B) Operating activities; Financing activities C) Financing activities; Investing activities Correct answer is A) The tax benefits related to compensation expense are reported as operating activities in the cash flow statement. The excess tax benefits are reported as financing activities. | 
发表于 2009-1-17 14:37
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