The Last Day on Which an Owner of an Option

question 79

Multiple Choice

The last day on which an owner of an option can elect to exercise is the _____ date.

• A) ex-payment
• B) ex-option
• C) opening
• D) expiration
• E) intrinsic

Understand and apply the formula for calculating the relationship of net income to net sales.

Calculate the inventory turnover rate.

Compute the rate of return on investment (ROI).

Calculate the acid test ratio.

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Definitions:

Segment Reporting

The practice of breaking down financial reports into divisions, product lines, or geographical markets to provide detailed financial information.

Accounting Standards

Guidelines and rules established by accounting organizations for preparing and reporting financial statements.

International Financial Reporting Standards

A set of accounting standards and guidelines developed and maintained by the International Accounting Standards Board (IASB) that is used internationally to ensure financial statements are transparent, comparable, and consistent.

U.S. GAAP

United States Generally Accepted Accounting Principles, a set of rules and standards for financial accounting and reporting in the U.S.