19 US GAAP and IFRS accounting principles are substantially the same for which area? A) Accounting for stock options B) Revenue recognition C) Calaulation of basic and diluted eamings per share D) All of the above 20 On January 1, 2010, Jefferson Company issued 1,000 shares of restricted stock to it's CEO The service period is 5 years. The CEO has 10 years remaining until retirement The market value of Jefferson stock on January 1, 2010 is $50 per share The unearned compensation to be recorded on January 1, 2010 is A) $10,000 B) $5,000 C) $50,000 D) None of the above 21. A company should continue to amortize any premium or discount under which classification of bonds? A) Available for sale B) Trading C) Held to maturity D) All of the above 22 Which of the following would be considered a principal rather than an agent A) Chicago White Sox B) Ticketmaster C) Stubhub D) Ebay 23 Which one of the following is not one of the five steps needed for revenue recognition under the new standard? A) Revenue should be recognized as each performance obligation is satislied B) The precise payment date must be specified up front C) The contract must be identified D) The transaction price must be determined Page