Question
On January 1, Year 1, Kiwi Computers Corp granted options to its new CEO, Morgan Price, to purchase 50,000 shares of $1.00 par value common
On January 1, Year 1, Kiwi Computers Corp granted options to its new CEO, Morgan Price, to purchase 50,000 shares of $1.00 par value common stock for $30.00 per share. The options are exercisable after December 31, Year 3 and expire on March 31, Year 4. On the grant date, the market price of the stock was $25.00 per share. Using an acceptable valuation model, Kiwi determined that the options had a fair value of $150,000 on the grant date. The options serve as compensation for services rendered during the first three years.
Please if I can get answer in the table so I can see and understand.
Thank you very much!! A C Credit 1 Account Debit 123 123 2 123 123 3 123 123 123 123 5
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