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Recording Stock Options: Compensation Expense, Exercise when the market price of the stock was $20 per share. a. Prepare the journal entry (if any) on

image text in transcribed Recording Stock Options: Compensation Expense, Exercise when the market price of the stock was $20 per share. a. Prepare the journal entry (if any) on January 1 of Year 1. b. Prepare the adjusting journal entry on December 31 of Year 1, the company's year-end. c. Prepare the journal entry on March 1 of Year 4

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