Allman,Inc

question 18

Multiple Choice

Allman,Inc. ,enters into a call option contract with Betts Investment Co.on January 2,2014.This contract gives Allman the option to purchase 1,000 shares of Upmann stock at $100 per share.The option expires on April 30,2014.Upmann shares are trading at $100 per share on January 2,2014,at which time Allman pays $200 for the call option.
-Using the information above,the call option would be recorded in the accounts of Allman as

• A) an asset.
• B) a liability.
• C) a gain.
• D) would not be recorded in the accounts (memorandum entry only).

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Definitions:

Right Provider

The most suitable or appropriate healthcare professional or service provider for one's specific needs or condition.

Seven Rights

Refers to seven elements that must be considered when administering medication: right patient, right medication, right dose (amount), right route (method), right technique, right time (schedule), and right documentation.

Topical Medications

Medicines applied directly to a specific area of the skin or mucous membrane to treat local conditions or deliver drugs across the skin barrier.

Injectable

A medication or vaccine that is administered through a needle and syringe.