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1. What accounting standard in 2004 caused stock options to decline as the primary source of non-cash compensation? Why? 2. Does compensation expense from stock

1. What accounting standard in 2004 caused stock options to decline as the primary source of non-cash compensation? Why?

2. Does compensation expense from stock options meet the definition of an expense as discussed in SFAC 6? Why?

3. Do you think compensation expense from stock options should be recognized as an expense? Choose one position, and support it.

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