Kellogg Company Kellogg Company in its 2004 Annual Report in Note 1Accounting Policies made the following comment
Question:
Kellogg Company Kellogg Company in its 2004 Annual Report in Note 1—Accounting Policies made the following comment about its accounting for employee stock options and other stock-based compensation.
Instructions
(a) Briefly discuss how Kellogg’s financial statements will be affected by the adoption of SFAS No. 123(R).
(b) Some companies argued that the recognition provisions of SFAS No. 123(R) are not needed, because the computation of earnings per share takes into account dilutive securities such as stock options. Do you agree? Explain, using the Kellogg disclosure provided above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Intermediate Accounting
ISBN: 9780471448969
11th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted: