Question 7 2 pts Which of the following is the best description of GAAP as it currently applies to recognizing compensation expense associated with employee stock options? The fair value of the stock options (estimated using a option pricing model) must be expensed over the period they are earned. The intrinsic value of the stock options must be expensed over the period they are earned The difference between the exercise price and the market value of the stock on the date any particular option rcised must be expenses. The time value of the stock options must be expensed over the period they are earned. Question 8 2 pts How are anti-dilutive securities considered in the calculation of diluted earnings per share? They are ignored They are included in the calculation of diluted EPS They are included unless the anti-dilution impact would increase EPS by more than 5% They are included in the calculation of Basic EPS Question 9 2 pts Where in a set of GAAP financial statements do we typically see the EPS statistics reported? On the face of the Income Statement In the equity section of the Balance Sheet O In Accumulated Other Comprehensive Income O In the Statement of Shareholders' Equity