On January 1 , Year 6 , Robertson Company created a fixed compensatory stock option plan for
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Question:
On January Year Robertson Company created a fixed compensatory stock option plan for employees to acquire shares of $ par common stock for $ a share. The options vest after four years of employment, and therefore, they cannot be exercised until January Year On the grant date, the fair value of the options was $ per option. All options were exercised on June Year Robertson Company accounts for this plan using the fair value method.
Required:
Record all entries relating to this stock option plan over the life of the plan.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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