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QUESTION 30 Ship Wreck Corp. recently issued stock options for a total compensation expense of $388,000. The contract calls for each recipient to work two

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QUESTION 30 Ship Wreck Corp. recently issued stock options for a total compensation expense of $388,000. The contract calls for each recipient to work two years to become fully vested in the stock rights. Each option converts into 4 common shares with a 52 par. The options are convertible for four years after vesting is fulfilled. Suppose that 1/4 of the options are not converted and the conversion period tapses Question: The entry to record this lapse includes: 1. a credit of apic.es of 5388,000 2. a credit to APIC-ESO of $97.000 3. a credit to apie-cs of 597,000 4. a credit to apic-eso of 5388,000

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