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CALCULATOR PRINTER VERSION .BACK NE Exercise 16-11 Inc. granted stock options to officers and key employees for the purchase of 24,000 shares of the company's

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CALCULATOR PRINTER VERSION .BACK NE Exercise 16-11 Inc. granted stock options to officers and key employees for the purchase of 24,000 shares of the company's s10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $364,000. On April 1, 2019, 2,400 options were terminated when the employees resigned from the company. The market price of the common stock was $34 per share on this date. On March 31, 2020, 14,400 options were exercised when the market price of the common stock was $41 per share. Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2018, 2019, and 2020.(Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Mar, 31, 2020 Click if you would Ske to Show Work for this questions Open howork sHOW LIST OF ACCOUNTS

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