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7 points Saved On January 1, 2020, Benny Company granted 40,000 stock options to officers permitting the holder to purchase one share of the company's
7 points Saved On January 1, 2020, Benny Company granted 40,000 stock options to officers permitting the holder to purchase one share of the company's $10 par common stock within the next 5 five years, but not before December 31, 2022 (the vesting date). The $29 exercise price is equal to the market price at the date of grant. An option pricing model determined the fair value of each option is $6. Prepare the journal entry to record the exercise of 20% of the options on June 30, 2023, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph Arial 3 (12pt) ET
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