The Vince Pickwick Company awarded 1,000 options to acquire 1,000 shares of its common stock. The options

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The Vince Pickwick Company awarded 1,000 options to acquire 1,000 shares of its common stock. The options have a fair value of $ 12 each. The market price and the exercise price were both equal to $ 6 per share on the date of the grant. Prepare the journal entry to record the options on the date of the grant.
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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