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Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is
Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is $25 per share, which was also the market value of the stock on the grant date. The fair value of the options was estimated at $9.50 per option If the options have a vesting period of five years, what would be the balance in "Paid-in CapitalStock Options" three years after the grant date? Multiple Choice A credit of $57 million A credit of $15.8 million A debit of $57 million A debit of $15.8 million
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