Which of the Following Statements Is Correct

question 11

Multiple Choice

Which of the following statements is correct?

• A) It was in 2000 that Canadian accounting standards required firms to include stock option grants as part of their compensation expense.
• B) Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense until the Asian flu happened in the mid-90s.
• C) Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense until Nortel announced bankruptcy protection in 2009.
• D) Until 2005, Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense.

Grasp the concept of overtime pay calculations according to federal standards.

Identify the components that impact the calculation of gross wages and net pay.

Recognize the accounting treatment and implications of contingent liabilities in the context of payroll.

Understand the significance of employee benefits, retirement benefits, and post-retirement benefits from an employer’s accounting perspective.

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Definitions:

Peak Demand Period

The time frame when the demand for a product or service reaches its highest point.

Pricing Decisions

These are determinations made by businesses about how much to charge for their products or services, influenced by costs, demand, and competitive factors.

Profitability

The ability of a business to earn a profit, which is the surplus remaining from revenue after all costs are deducted.

Dual Facilities

Dual facilities refer to the strategy of maintaining two or more locations for production, storage, or business operations to enhance capacity, flexibility, or geographic reach.