Record the following equity transaction of the Evans Company in 20xx: LO 8 Exercise of Share Options

Question:

Record the following equity transaction of the Evans Company in 20xx:

LO 8 Exercise of Share Options May 5 Walter Evans exercised his option to purchase 10,000 ordinary shares of 1 nominal value at an option price of 12 . The market price per share was 12 on the grant date and 25 on the exercise date.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

Question Posted: