Question
ournal entry richard corp granted 4800 options to its officers each option entitles the holder to purchase one share of richard 5 par value of
ournal entry richard corp granted 4800 options to its officers each option entitles the holder to purchase one share of richard 5 par value of common stock at 30 per share anytime for next 5 years. the market price of stock is 48 per share on date of grant the fair value of option n date of grant is 184000. the period of benefit is 2 years.
a. prepare jornal entry for first two years.
b. prepare jornal entry when all options are exercised for 5 year limit
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a Journal Entry for the First Two Years Date Date of Grant To record the grant of stock options Shar...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
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