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Johnstown Company granted 1 0 officers rights to buy 1 0 , 0 0 0 shares each of common stock $ 1 par, at $
Johnstown Company granted officers rights to buy shares each of common stock $ par, at $ per share on May the grant date. The stock was selling for $ per share at the time. The rights cannot be exercised until the beginning of and expire at the end of Compensation expense is $ covering a one year period of
Record the following:
DrCrMay the grant date, issue of the rights.
Dec. compensation expense Jul. of the rights were exercised, as the stock climbed to $ per share.
Dec. of the rights expired because one officer left the company.
On December of the rights expired because one officer decided not to exercise the right.
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Step: 1
1 May 1 2024 Grant Date Issue of Rights Johnstown Company grants 10 officers the right to buy 10000 shares each of common stock at 1 par value with an ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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