CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

According to FASB 123 (R), if the purchase price for an Employee Stock Purchase Plan (ESPP) is 90 percent of fair market value on the grant date, the company does not need to record an earning charge. True or False?
Correct Answer: False

The price has to be at least 95% or higher of the fair market value.

User Contributed Comments 0

You need to log in first to add your comment.