Question: Current GAAP recommends that the fair value method be used to account for compensatory stock option plans. From a conceptual point of view, this method

Current GAAP recommends that the fair value method be used to account for compensatory stock option plans. From a conceptual point of view, this method is an improvement over the intrinsic value method. Required: Explain how the fair value method is an improvement over the intrinsic value method

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