this year nilo inc granted incentive stock options (ISO) to 230 employees. for financial statement purposes, nil recorded a $179, 200 expense for the estimated value of the ISOs. as a result of this transaction, nilo has a:
Permanent unfavorable book/tax difference
Temporary favorable book/tax difference
Temporary unfavorable book/tax difference
Permanent favorable book/tax difference

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16-12-2022
Business

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this year nilo inc granted incentive stock options (ISO) to 230 employees. for financial statement purposes, nil recorded a $179, 200 expense for the estimated value of the ISOs. as a result of this transaction, nilo has a:
Permanent unfavorable book/tax difference
Temporary favorable book/tax difference
Temporary unfavorable book/tax difference
Permanent favorable book/tax difference

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kjuli1766 kjuli1766 · Answer 1 · 2022-12-21T06:55:50+01:00

As a result of this transaction, Nilo has a Temporary favorable book/tax difference. Option B.

Financial statements are written records that reflect a company's operations and financial performance. Financial statements are often audited by government agencies accountants businesses etc. to ensure accuracy and for tax financing or investment purposes.

Financial statements are formal records of the financial activities and status of a company person or other entity. Relevant financial information is presented in a structured, easy-to-understand format. A financial statement is a record of a company's financial position and activities for a specific period of time.

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