Homework Answers
| Answer | ||||
| Date | Particulars | Debit | Credit | |
| January 1,2017 | No entry | $ - | ||
| No entry | $ - | |||
| December 31,2017 | Compensation Expense | $ 77,500 | $155000/2 | |
| Paid-in Capital Stock Options | $ 77,500 | |||
| December 31,2018 | Compensation Expense | $ 77,500 | ||
| Paid-in Capital Stock Options | $ 77,500 | |||
| Please like ( Positive rating ) | ||||
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Brief Exercise 16-6 On January 1, 2017, Waterway Corporation granted 5,100 options to executives. Each option...
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to key executives. Each option allows the executive to purchase one
share of Metlock’s $5 par value common stock at a price of $21 per
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beginning January 1, 2018, if the grantee is still employed by the
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On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one share of Ayayai's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $70 per share on the date of grant. The fair value of the options at the grant date is $143,000. The period of benefit is 2 years. Prepare Ayayai's journal entries for January 1,...
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to executives. Each option entitles the holder to purchase one
share of Pronghorn’s $5 par value common stock at $50 per share at
any time during the next 5 years. The market price of the stock is
$69 per share on the date of grant. The fair value of the options
at the grant date is $161,000. The period of benefit is 2
years.
Prepare Pronghorn’s journal entries for January 1,...
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