Question
The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to buy one share of common stock for
The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to buy one share of common stock for $20 per share. At the time the options were granted, the aggregate value of the options was $180. To satisfy the CEO's exercise of the stock options, the Ash Inc. re-issued 30 shares from TreasuryStock. The treasury stock was repurchased in the prior year for a total of $480. Record the journal entry for the CEO's exercise of the stock options and the re-issuance of the Treasury Stock.
Check all that apply:
a. Cr. Additional Paid-In Capital - Common -- $300
b. Dr. Cash -- $180
c. Cr. Treasury Stock -- $480
d. Dr. Cash -- $600
e. Dr. Additional Paid-In Capital - Common -- $300
f. Dr. Additional Paid-In Capital - Stock Options -- $180
g. Dr. Treasury Stock -- $480
h. Cr. Additional Paid-In Capital - Stock Options -- $180
PLEASE SHOW WORK AND ONLY SELECT FROM THE OPTIONS AVAILABLE.
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