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Under its executive stock option plan, National Corporation granted 2 0 million options on January 1 , 2 0 2 1 , that permit executives
Under its executive stock option plan, National Corporation granted million options on January that permit executives to
purchase million of the company's $ par common shares within the next six years, but not before December the vesting
date The exercise price is the market price of the shares on the date of grant, $ per share. The fair value of the options, estimated
by an appropriate option pricing model, is $ per option. Suppose that the options are exercised on April when the market
price is $ per share.
Ignoring taxes, what journal entry will National record? If no entry is required for a transactionevent select No journal entry
required" in the first account field. Enter your answers in millions ie should be entered as
Journal entry worksheet
Record entry for options exercised on April when the market price is
$ per share.
Note: Enter debits before credits.Under its executive stock option plan, National Corporation granted million options on January that permit executives to purchase million of the companys $ par common shares within the next six years, but not before December the vesting date The exercise price is the market price of the shares on the date of grant, $ per share. The fair value of the options, estimated by an appropriate option pricing model, is $ per option. Suppose that the options are exercised on April when the market price is $ per share.
Ignoring taxes, what journal entry will National record? If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions ie should be entered as
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