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Assume common stock is issued to employees as a result of exercising stock purchase rights issued under a noncompensatory share purchase plan. At what value

Assume common stock is issued to employees as a result of exercising stock purchase rights issued under a noncompensatory share purchase plan. At what value does the company record that stock in its books?

option price of the stock plus the value assigned to the stock purchase right

exercise price of the stock

market price of the stock

market price of the stock at the first date that the stock purchase right can be exercised

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