Under US GAAP, with Respect to Equity-Settled Share-Based Payments, If the the Fair

question 39

Multiple Choice

Under U.S. GAAP, with respect to equity-settled share-based payments, if the fair value of the equity instrument is used, the value is determined:

• A) at the earlier of the date a commitment for performance is reached or the date the services are actually completed.
• B) at the date the services are actually completed.
• C) at the date a commitment for performance is reached.
• D) None of the above

---

Definitions:

FOB Destination

This Incoterm means that the seller bears all costs and risks of transporting goods until they are delivered to the buyer's specified location.

FOB Shipping Point

FOB Shipping Point is a freight term indicating that the buyer assumes responsibility for the goods and the cost of shipping the moment the goods leave the seller’s premises.

Perpetual Inventory System

An approach in accounting that captures transactions related to inventory purchases or sales the moment they occur, facilitated by digital point-of-sale systems and enterprise asset management applications.

Periodic Inventory System

A method of inventory management where updates to inventory levels are made periodically at the end of an accounting period, rather than continuously.