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.

---

Definitions:

Legal Encyclopedias

Comprehensive reference works that provide summaries of law on various topics, often used as a starting point for legal research.

A.L.R.s

American Law Reports, a series of legal publication compiling case law on a variety of topics for reference by legal professionals.

Pocket Pamphlets

Small booklets that are easily portable, often containing information or guidelines on specific topics.

Legal Encyclopedia

A comprehensive written compilation that contains articles on legal topics.