On january 1, 2013, m company granted 94,000 stock options to certain executives. the options are exercisable no sooner than december 31, 2015, and expire on january 1, 2019. each option can be exercised to acquire one share of $1 par common stock for $12. an option-pricing model estimates the fair value of the options to be $5 on the date of grant. what amount should m recognize as compensation expense for 2013? a) $188,000b) $156,667c) $62,666d) $31,333

Option (B) $156,667

Explanation:

Data provided in the question:

Number of stock options granted = 94,000

Fair value of the option-pricing = $5

Vesting period, from December 31, 2015 to January 1, 2019 = 3 years

Now,

Compensation expense to be recognized

= [ Number of stock options granted × fair value of option ] ÷ [ vesting period  ]

= [ 94,000 × 5 ] ÷ 3

= $156,667

Hence,

Option (B) $156,667

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.