Question
20 2 points On January 1, 2017, Boom Inc. granted its chief executive officer 30 stock options with a strike price of $50 per share.
20 2 points On January 1, 2017, Boom Inc. granted its chief executive officer 30 stock options with a strike price of $50 per share. Each option was worth $15. The options vest in two years and expire in five years. As of the grant date, there was a 100% chance that the chief executive officer would remain with the company through the vesting period. The options settle in stock. Record the journal entry for the grant of the stock options. Check all that apply. Dr. Deferred Compensation -- $450 Dr. Compensation Expense -- $450 Cr. Common Stock at Par -- zero Cr. Stock option contingency -- $1500 Cr. Additional Paid-In Capital -- Stock options -- $450 Cr. Additional Paid-In Capital -- Stock options -- $1500 Dr. Compensation Expense -- $1500 Dr. Deferred Compensation -- $1500
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