Essay
On December 31, 2012, Rippey Corporation reported total revenue of $3,750,000 and total expenses of $2,125,000. Rippey had 50,000 shares of stocks outstanding. Also, as of January 1, 2012, Rippey had issued stock options that allowed employees to receive 15,000 shares of stock for free at a time of their choosing in the future. As of December 31, none of these stock options had been exercised.
Correct Answer:
Verified
Correct Answer:
Verified
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