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46. On January 1, 2021, a company grants 85,390 stock options to employees to acquire common stock ($1 par value) when the fair value
46. On January 1, 2021, a company grants 85,390 stock options to employees to acquire common stock ($1 par value) when the fair value per option is $14. The exercise price is $40. The options become exercisable on January 1, 2023 and expire December 31, 2025. Assume all options are exercised on April 1, 2023 when the stock price is $39. The journal entry for exercise will include a credit to Paid-in Capital - Excess of Par for:
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No of stock options granted 85390 Fair value of each option ...
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
