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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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