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Current Attempt in Progress On January 1 , 2 0 2 6 , Nash Inc. granted stock options to officers and key employees for the
Current Attempt in Progress
On January Nash Inc. granted stock options to officers and key
employees for the purchase of shares of the company's $ par
common stock at $ per share. The options were exercisable within a
year period beginning January by grantees still in the employ of the
company, and expiring December The service period for this
award is years. Assume that the fair value optionpricing model
determines total compensation expense to be $
On April options were terminated when the employees
resigned from the company. The market price of the common stock was
$ per share on this date.
On March options were exercised when the market price
of the common stock was $ 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 and
List all debit entries before credit entries. Credit account titles
are automatically indented when amount is entered. Do not indent
manually. If no entry is required, select No Entry" for the account
titles and enter for the amounts. Record entries in the order
displayed in the problem statement.
Date Account Titles and Explanation
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