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$200 $0 $1.000 Question 9 1 pts On January 1, 2006, Baker Company granted Sally Little, an employee options to buy 500 shares of Baker
$200 $0 $1.000 Question 9 1 pts On January 1, 2006, Baker Company granted Sally Little, an employee options to buy 500 shares of Baker common stock at $35 per share. The option was exercisable five years from the date of grant. Little exercised her option on October 1, 2012, when the quoted market price of Baker common stock was $ 50. The fair value of the option on the grant date using the Black-Scholes model was $ 2. As a result of the option exercise, Baker should record: O a debit to cash for $25,000 O a debit to cash for $17,500 debit APIC stock options for $20,000 a debit to cash for $1.000 1 pts Question 10
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