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A cat requires options much more than it actually needs to exercise them by, say, moving from a sunny spot.
A decision requires options to choose from.
A listicle requires options.
Insulin prescribing, for example, is a complicated endeavor that involves multiple drug orderables because it requires options for different forms of scheduled and supplemental insulin.
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The Sarbanes-Oxley act, which requires option grants to be disclosed within 48 hours, has greatly reduced backdating, according to Mr Heron and Mr Lie though an alarming number of firms are still not complying with the rule.
In 1994, the Financial Accounting Standards Board, which sets accounting standards in America, retreated from its proposed rule to require options to be expenses.
It is expected that it will adopt a rule requiring options to be expensed, and that the American body will then consider whether to adopt the international rule.
The shift from standard options was prompted by an accounting change that came into force in America in 2005, requiring options of all sorts to be expensed.
Pointing to what she calls "fully deluded earnings," Ms. Mahar is particularly cogent in her discussion of efforts to require options to be considered expenses and deducted from profits.
New rules from the Financial Accounting Standards Board, requiring options to be deducted from a company's income, will go into effect in 2005, but technology types are still agitating against them.
The exchange's new rules stopped short of requiring options to be treated as expenses because, according to reports, of a disagreement over what valuation method should be used.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com