Please answer question 16

well on the New York Stock Exchange. Stock that has been authorized by the state for issue. Stock held in the corporate treasury. Stock in the hands of shareholders. Question 16 Compensation expense resulting from a compensatory stock option plan is generally recognized in the period of exercise. recognized in the period of the grant. allocated to the periods benefited by the employee's required service. allocated over the periods of the employee's service life to retirement. Question 17 3 pts Share issue costs refer to the costs of obtaining the legal, promotional, and accounting services necessary to effect the sale of shares. The costs reduce the net cash proceeds from selling the shares and thus pald- in capital excess of par, and are: not recorded separately. recorded as an asset. recorded as a liability. amortized over time