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Question 14 (1 point) > Listen Bonobo Company issued Chimp Consulting 1,000 stock options as payment for consulting services received. Each stock option allows Chimp
Question 14 (1 point) > Listen Bonobo Company issued Chimp Consulting 1,000 stock options as payment for consulting services received. Each stock option allows Chimp Consulting to purchase one share in Bonobo at a price of $6 per share. At the date of issue, the stock options had a FMV of $3 per option, the shares had a FMV of $6 per share and the invoice price charged by Chimp Consulting was $10,000. Chimp Consulting decides to exercise the 1,000 options on at date when the shares are trading at $16 per share. At what value will Bonobo record the common shares issued? Do not use dollar signs, commas or decimals. Eg. $1,000 would be input as 1000 Your Answer: Answer Question 15 (1 point) Listen Compensatory stock options were granted to executives on January 1, 2019 as a signing bonus. The options vest on December 31, 2020 and were exercised on October 31, 2022. Compensation expenses should be recorded in the income statement in which of the following year(s): 2020 2021 2022 2019 Question 16 (2 points) Listen On January 1, 2021, Zoo Corporation sold $1,500,000 face value 10 year 9% convertible bonds with with an effective rate of 7% for total proceeds of $1,713.186. Bonds without the conversion features have an effective rate of 10% on the market. Each $1,000 bond converts to 2 common shares. Interest is paid on June 30 and December 31, and the company has a year-end of December 31. Blank #1: What amount will be recorded in the Bond Payable account at issue? Blank #2: What amount will be recorded as the value of the conversion feature? Do not include dollar signs, commas or decimals. Round to the nearest dollar. A A
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