21. On July 5, 2014, Alpha Corp. purchased a call option for $2,400, giving it the right to buy 1,000 shares of Omega Corp. for $40 per share. On August 18, 2014, when the option value is $12,000, Omega settles the option for cash. The entry on Alpha's books to record the settleme is a. Cash..... . 12,000 Derivatives-Financial Assets/Liabilities. 2,400