Please complete the attached file for 10 accounting questions. All yellow boxes need to be completed.

Please do not take it if you are not capable of providing correct answers.

1. 2. 3. 4. 5. Record compensation expense for 2018 as well 6. 7. 8. 9. 10. 'en if all of the wolk you have done so far is correct, you may not have completed everything. 5. value: 10.00 points On October 1, 2016, Farmer Fabrication issued stock options for 380,000 shares to a division manager. The options have an estimated fair value 01 $9 each. To provide additional incentive for managerial achievement. the options are not exercisable unless divisional revenue increases by 3% in Five years. Suppose that Farmer initially estimates that it is not probable the goal will be achieved, but then after one year. Farmer estimates that it is probable that divisional revenue will increase by 3% by the end of 2018. 1. What in the revised estimate of the total compensation? Answer Is complete and correct 5 3,420,000\" 2. What action will be taken to account for the options in 201?? 9\") Farmer will reect the cumulative effect on oompe nsation in 201T _ earnings. 0 Farmer will reverse the 2016 recorded compensation. 3. Prepare the journal entries to record compensation expense in 201? and 2013. [If no entry ls required for a transactionlevent, select "No journal entry required" In the first account field.) Answer is complete but: not entirely correct 2017 Compensation expense Paid-in capitalstock options 2018 Compensation expense Paid-in capitalstock options _ _ _ _ 2,736,0ux _ _ _ _ _ _ _ -n if all of the work you have done so far is correct, you may not have completed everything 6. value: 15.00 points The Alford Group had 280,000 shares of common stock outstanding at January 1, 2016. The following activities affected common shares during the year. There are no potential common shares outstanding. 2016 Feb. Purchased 12,000 shares oftreasury 26 stock. Oct. Sold the treasury shares purchased 31 on February 26. Nov. 30 Dec. 31 Issued 48,000 new shares. Net income for 2016 is $1,242,000. 201? Jan. Declared and issued a 2-for-1 stock 1 5 split. 3'3\"" Net income for 2017 is $1,242,000. Required: 1. Determine the 2016 EPS. [Enter your answers In thousands.) Answer is complete but not entirely correct - 2. Determine the 2017 EPS. [Enter your answers In thousands.) Answer is complete but not entirely correct - 3. At what amount will the 2016 EPS be presented in the 2017 comparative nancial statements? [Enter your answers In thousands.) Answer is complete but not entirely correct -mam value: 10.00 points On October 1, 2016, Farmer Fabrication issued stock options for 380,000 shares to a division manager. The options have an estimated fair value of $9 each. To provide additional incentive for managerial achievement. the options are not exercisable unless divisional revenue increases by 3% in Five years. Suppose that Farmer initially estimates that it is not probable the goal will be achieved, but then after one year. Farmer estimates that it is probable that divisional revenue will increase by 3% by the end of 2018. 1. What in the revised estimate of the total compensation? Answer Is complete and correct $ 3,420,000\" 2. What action will be taken to account for the options in 2017? 91') Farmer will reect the cumulative effect on compensation in 2017 _ earnings. 0 Farmer will reverse the 2016 recorded compensation. 3. Prepare the journal entries to record compensation expense in 2017 and 2018. [If no entry ls required for a transactionfevent, select "No journal entry required" In the first account field.) Answer is complete but not entirely correct 2017 Compensation expense Paid-in capitalstock options 2018 Compensation expense Paid-in capitalstock options EIIEI IE\"? value: 10.00 points On October 1. 2016, Farmer Fabrication issued stock options for 380.000 shares to a division manager. The options have an estimated fair value of $9 each. To provide additional incentive for managerial achievement, the options are not exercisable unless divisional revenue increases by 3% in Five years. Suppose that Farmer initially estimates that it is not probable the goal will be achieved, but then after one year, Farmer estimates that it is probable that divisional revenue will increase by 3% by the end of 2018. 1. What in the revised estimate of the total compensation? Answer is complete and correct $ 3,420,000,] 2. What action will be taken to account for the options in 2017? o @ Farmer will reect the cumulative effect on compensation in 2017 earnings. 0 Farmer will reverse the 2016 recorded compensation. 3. Prepare the journal entries to record compensation expense in 2017 and 2018. (If no entry is required for a transactionfevent, select "No journal entry required" in the first account eld.) Answer is complete but not entirely correct Compensation expense J 2.052.0DDX_ _ Paid-in capitalstock options _ 2.052.000X 2018 Compensation expense J 684,000J_ _ Paid-in capitalstock options _ 684,000J