Question
On January 1, 2020, Company P grants stock options to employees to purchase 20,000 shares at $10 per share. The options vest in 3 years
On January 1, 2020, Company P grants stock options to employees to purchase 20,000 shares at $10 per share. The options vest in 3 years and have a fair value of $5 per option.
Prepare the journal entries to record compensation expense for the year 2020.
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
