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Brief Exercise 1 9 - 5 ( Algo ) Stock options; forfeitures [ LO 1 9 - 2 ] On January 1 , 2 0
Brief Exercise Algo Stock options; forfeitures LO On January Hugh Morris Comedy Club HMCC granted million stock options to key executives exercisable for million shares of the company's common stock at $ per share. The stock options are intended as compensation for the next three years. The options are exercisable within a fouryear period beginning January by the executives still in the employ of the company. No options were terminated during The market price of the common stock was $ per share at the date of the grant. HMCC estimated the fair value of the options at $ each. One percent of the options are forfeited during due to executive turnover. What amount should HMCC record as compensation expense for the year ended December assuming HMCC chooses the option to record forfeitures as they actually occur? Note: Enter your answers in whole dollars and not in millions of dollars.
Brief Exercise Algo Stock options; forfeitures LO
On January Hugh Morris Comedy Club HMCC granted million stock options to key executives exercisable for million shares of the company's common stock at $ per share. The stock options are intended as compensation for the next three years. The options are exercisable within a fouryear period beginning January by the executives still in the employ of the company. No options were terminated during The market price of the common stock was $ per share at the date of the grant. HMCC estimated the fair value of the options at $ each. One percent of the options are forfeited during due to executive turnover.
What amount should HMCC record as compensation expense for the year ended December assuming HMCC chooses the option to record forfeitures as they actually occur?
Note: Enter your answers in whole dollars and not in millions of dollars.
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