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Required information On January 1, 2021, a company granted 55,000 incentive stock options to executives. Each option provides the right to purchase one share of
Required information On January 1, 2021, a company granted 55,000 incentive stock options to executives. Each option provides the right to purchase one share of the company's $1 par common stock for $11 each. The options become exercisable on January 1, 2025 and expire on December 31, 2027. Each option had a fair value of $2 on grant date. Assume no forfeitures. On May 2, 2026, when the stock price was $15, executives exercised 70% of the options. Use the information above to answer the questions below. What is the balance of the Paid-in Capital-Stock Options account as of December 31, 2023? (Click to select) $453,750 $110,000 $73,333 $82,500 $36,667
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