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Problem 4 Windy Lake Lodge issued 24.000 stock options at $15 to its management on January 1, 2010 These options vest on January 1, 2020.

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Problem 4 Windy Lake Lodge issued 24.000 stock options at $15 to its management on January 1, 2010 These options vest on January 1, 2020. windy Lake's share price was $15 on the grant date and $22 on the vesting date Estimates of the fair value of the options showed that they were worth $3 on the grant date. On the vesting a management exercised all 24,000 options. Windy Lake has a December 31 year-end. Required: Record all of the journal entries relating to the stock options. (ALL means completely) Problem 4 Windy Lake Lodge issued 24.000 stock options at $15 to its management on January 1, 2010 These options vest on January 1, 2020. windy Lake's share price was $15 on the grant date and $22 on the vesting date Estimates of the fair value of the options showed that they were worth $3 on the grant date. On the vesting a management exercised all 24,000 options. Windy Lake has a December 31 year-end. Required: Record all of the journal entries relating to the stock options. (ALL means completely)

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