1.
Date | Account titles and Explanations | Debit | Credit |
January 1,2021 | No Entry |
2.
Recognizing Compensation expenses for 2021 | |||
Date | Account titles and Explanations | Debit | Credit |
December 31,2021 | Compensation Expense | 159,000 | |
Paid-in capital Stock Options ( $318,000 * 1/2 ) | 159,000 |
3.
Termination of Options held by employees who have resigned | |||
Date | Account titles and Explanations | Debit | Credit |
April 1, 2022 | Paid-in capital Stock Options | 15,900 | |
Compensation Expense (159000 * 2200/22000) | 15,900 |
4.
.
Recognizing Compensation expenses for 2022 | |||
Date | Account titles and Explanations | Debit | Credit |
December 31,2022 | Compensation Expense | 143,100 | |
Paid-in capital Stock Options ( $318,000 * 1/2 * 19800/22000) | 143,100 |
5.
Exercise of Options | |||
Date | Account titles and Explanations | Debit | Credit |
March 31,2023 | Cash (13200* $26) | 3,43,200 | |
Paid-in capital Stock Options($318,000 * 13200/22000) | 1,90,800 | ||
Common Stock | 1,32,000 | ||
Paid-in capital in excess of Par | 4,02,000 |
Note: As on 31/3/2023, there are 6600 options which are not exercised (22000-2200-13200)
On January 1, 2021, Marigold Inc, granted stock options to officers and key employees for the...
On January 1, 2021, Cullumber Inc. granted stock options to officers and key employees for the purchase of 23,000 shares of the company's $10 par common stock at $24 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $337,000....
On January 1, 2021, Windsor Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the company’s $10 par common stock at $23 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $378,200....
On January 1, 2021, Metlock Inc. granted stock options to officers and key employees for the purchase of 18,000 shares of the company's $10 par common stock at $27 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $379,600....
Exercise 16-11 On January 1, 2021, Titania Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the company's $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to...
Exercise 16-11 On January 1, 2021, Buffalo Inc. granted stock options to officers and key employees for the purchase of 23,000 shares of the company's $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to...
Exercise 16-11 On January 1, 2021, Martinez Inc. granted stock options to officers and key employees for the purchase of 18,000 shares of the company’s $10 par common stock at $27 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to...
On January 1, 2021. Swifty Inc granted stock options to officers and key employees for the purchase of 22,000 shares of the company's $10 par common stock at $26 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company and epiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option pricing model determines total compensation expense to be...
On January 1, 2021, Blue Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the company’s $10 par common stock at $23 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $378,200....
On January 1, 2018, Riverbed Inc. granted stock options to officers and key employees for the purchase of 23,000 shares of the company's $10 par common stock at $26 per share. The options were exercisable with in a 5-year period beginning January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be...
Exercise 16-11 On January 1, 2021, Grouper Inc. granted stock options to officers and key employees for the purchase of 21,000 shares of the company’s $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to...