American Optical Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock
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Required:
1. Determine the total compensation cost pertaining to the options.
2. Prepare the appropriate journal entry to record the award of options on January 1, 2018.
3. Prepare the appropriate journal entry to record compensation expense on December 31, 2018.
4. Prepare the appropriate journal entry to record compensation expense on December 31, 2019.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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