Stock-Based Compensation
Public companies tax deduction
$1 million per executive
Limited to 5
Additional information provided alongside the main financial figures, usually in the form of notes at the end of the statement, that explains the details and context behind specific line items
Disclosure
Show Professor Whitaker was on
Private Company Tax Deduction
Unlimited
Which financial statements do they impact
Income Statement
Balance Sheet
Stockholders Equity
Cash Flow Statement
Mattel
Character of book-tax difference for excess deduction of stock-based compensation
Permanent
Most closely related to which item in the list
(Options): 1. Income Taxes 2. Acquisitions/Divestitures 3. Restructuring Costs 4. Goodwill/Intangibles/PP&E, 5. Depreciation/Amortization 6. Litigation/Settlements 7. Debt Redemption Costs
Income Taxes
*hint: animal in the name
Odd Duck
Stock-based compensation that provide favorable tax treatment to employees and are not deductible for the company
ISOs - Incentive Stock Options
Which accounting standard have we reviewed in this class that is applicable to all of these options
ASC 740
Topic of the book Professor Whitaker wrote
Crypto-Currency
Type of employee stock option where you pay ordinary income tax on the difference between the grant price and the exercise price and it is deductible for the corporation
NQOs (Non-Qualified Stock Options)
Accounting standard we have reviewed that touches upon all of these items
ASC 740
Professor Whitaker's eye condition
Color blind