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To: Oeconomicus who wrote (145099)	8/9/2002 11:41:36 AM
From: GST	Read Replies (1) \| Respond to of 164684

When the puts are sold they are booked -- the cash arrives and the company has non-operating income. They don't sell calls, but if they did they would be booked the same way. When they give options to employees they need to book the expense -- and don't do it all. As to minor details, that is what FASB does and we need not care one whit. The principle is the point -- and you avoid the principle with abundant squirming and avoidance. I dare say, as an accountant, you would be somebody who makes me uncomfortable as a CEO. I would be worried that you are unable to squarely face the principle. Options are compensation. Compensation is an expense. Expenses belong on the profit and loss statement. Minor implementation details, which is all you ever address, are not the issue.