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Hi I need help answering the following questions he helped me out step by step thank you Wall Drugs offered an incentive stock option plan
Hi I need help answering the following questions he helped me out step by step thank you Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 67.000 $1 par common shares. The exercise price equals the $3 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model. Which is the correct entry to record the exercise of 70% the options on April 15, 2024, when the market price of the stock was $6? Multiple Choice Cash Paid in capital-stock options Common stock Paid-in capital-excess of par 148,70e 46,9ee 67) Bee 12e, 600 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 234,5ee 46,900 46,900 234,500 Cash Paid in capital-stock options Common stock Paid-in capital-excess of par 140, 700 46,900 46,900 140,700 | cash Paid-in capital-stock options Compensation expense Con stock Faid-in capital-excess of per 146,700 46,900 93,100 48,00
Hi I need help answering the following questions he helped me out step by step thank you
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