On January 1, 2021, Blue Inc. issued stock options for 240,000 shares to a division manager. The options have an estimated fair value of $5 each. To provide additional incentive for managerial achievement, the options are not exercisable unless divisional revenue increases by 5% in three years. Blue initially estimates that it is not probable the goal will be achieved, but in 2022, after one year, Blue estimates that it is probable that divisional revenue will increase by 5% by the end of 2023. Ignoring taxes, what is the decrease in earnings in 2022? Multiple Choice $240,000. (0) O $800,000. $400,000. ABC declared a property dividend. The dividend consisted of 16,000 common shares of its investment in XYZ Company. The shares had originally been purchased at $1 per share and had a $1 par. The value of the shares on the declaration date is $6 per share. What is the first entry that should be recorded related to this dividend? Multiple Choice 96,000 Retained earnings Property dividends payable 96,000 80,000 Investment in equity securities (XYZ) Gain on investments 80,000 96,000 16,000 Retained earnings Property dividends payable oa aaa f Next >