DeWalt Corporation approved a stock option plan for key executives. On January 1, 2019, 20 million stock options were granted, exercisable for 20 million shares of DeWalt's common stock ($1 par). The options are exercisable between January 1, 2022, and December 31, 2024, at the market price on January 1, 2019, which was $12. The fair value of the 20 million options is $3 per option, as estimated by an appropriate option pricing model. DeWalt chooses the option to recognize forfeitures only when they occur. 2 million of the options were forfeited when an executive resigned in 2020. All other options were exercised on August 1, 2023, when the stock price was $39 per share.
Required:
1. Prepare the necessary journal entries.
2. Record compensation expense on December 31, 2020.
3. Record compensation expense on December 31, 2021.
4. Record the exercise of the options in 2023.

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

Money from an allowance or job is known as .

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?