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Current Attempt in Progress On December 3 1 , 2 0 2 4 , Blossom Company granted some of its executives options to purchase 1
Current Attempt in Progress
On December Blossom Company granted some of its executives options to purchase shares of the company's $
par common stock at an option price of $ per share. The BlackScholes optionpricing model determines total compensation
expense to be $ The options become exercisable on January and represent compensation for executives' services
over a threeyear period beginning January As of December none of the executives had exercised their options.
If the fair value method is used, what is the impact on Blossom's net income for the year ended December as a result of this
transaction?
$ increase
$
$ decrease
$ decrease
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