On January 1, 2018, M Company granted 95,000 stock options to certain executives. The options are...
On January 1, 2018, M Company granted 95,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2020, and expire on January 1, 2024. Each option can be exercised to acquire one share of $1 par common stock for $9. An option-pricing model estimates the fair value of the options to be $4 on the date of grant. If unexpected turnover in 2019 caused the company to estimate that 15% of the options would be forfeited, what amount should M recognize as compensation expense for 2019? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
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On January 1, 2018, M Company granted 95,000 stock options to
certain executives. The options are...
On January 1, 2018, M Company granted 93,000 stock options to certain executives. The options are...
On January 1, 2018, M Company granted 93,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2020, and expire on January 1, 2024. Each option can be exercised to acquire one share of $1 par common stock for $10. An option-pricing model estimates the fair value of the options to be $3 on the date of grant. If unexpected turnover in 2019 caused the company to estimate that 20% of the options would be...
On January 1, 2021, M Company granted 96,000 stock options to certain executives. The options are...
On January 1, 2021, M Company granted 96,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2023, and expire on January 1, 2027. Each option can be exercised to acquire one share of $1 par common stock for $9. An option-pricing model estimates the fair value of the options to be $3 on the date of grant. What amount should M recognize as compensation expense for 2021? ---- On January 1, 2021, M Company...
Please answer immediately and show steps. Question 8 O out of 0.5 points On January 1,...
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Question 8 O out of 0.5 points On January 1, 2016, Xander Insurance Company granted 12,210 stock options to certain executives. The options are exercisable no sooner than December 31, 2019, and expire on January 1, 2020. Each option can be exercised to acquire one share of $1 par common stock for $11. An option-pricing model estimates the fair value of the options to be $7 on the date of grant. The market price...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.2 million stock options to key executives exercisable for 1...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.2 million stock options to key executives exercisable for 1.2 million shares of the company’s common stock at $20 per share. The stock options are intended as compensation for the next three years. The options are exercisable within a four-year period beginning January 1, 2021, by the executives still in the employ of the company. No options were terminated during 2018. The market price of the common stock was $23...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.2 million stock options to key...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.2 million stock options to key executives exercisable for 1.2 million shares of the company’s common stock at $24 per share. The stock options are intended as compensation for the next three years. The options are exercisable within a four-year period beginning January 1, 2021, by the executives still in the employ of the company. No options were terminated during 2018. The market price of the common stock was $28...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.5 million stock options to key...
On January 1, 2018, Hugh Morris Comedy Club (HMCC) granted 1.5 million stock options to key executives exercisable for 1.5 million shares of the company’s common stock at $24 per share. The stock options are intended as compensation for the next three years. The options are exercisable within a four-year period beginning January 1, 2021, by the executives still in the employ of the company. No options were terminated during 2018. The market price of the common stock was $28...
On November 1, 2017, Metlock Company adopted a stock-option plan that granted options to key executives...
On November 1, 2017, Metlock Company adopted a stock-option plan that granted options to key executives to purchase 33,900 shares of the company’s $10 par value common stock. The options were granted on January 2, 2018, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the...
Rutter Inc. granted 250,000 stock options to executives and employees on January 1, 2017. The options...
Rutter Inc. granted 250,000 stock options to executives and employees on January 1, 2017. The options have a strike price is $10 per share and expire in 2019. The par value of the common stock is $1. Using an option pricing model, the company calculates a fair value of $20 per share. The expected service period, or benefit period, is 2 years. Prepare the journal entries for 2017 and 2018. In 2019, 40% of the options are exercised and the...
On November 1, 2020, Sage Company adopted a stock-option plan that granted options to key executives...
On November 1, 2020, Sage Company adopted a stock-option plan that granted options to key executives to purchase 24,300 shares of the company’s $10 par value common stock. The options were granted on January 2, 2021, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $50, and the fair value option-pricing model determines the...
On January 1, 2019, Riverbed Corporation granted 11,000 options to key executives. Each option allows the...
On January 1, 2019, Riverbed Corporation granted 11,000 options to key executives. Each option allows the executive to purchase one share of Riverbed’s $5 par value common stock at a price of $19 per share. The options were exercisable within a 2-year period beginning January 1, 2021, if the grantee is still employed by the company at the time of the exercise. On the grant date, Riverbed’s stock was trading at $25 per share, and a fair value option-pricing model...
Please answer immediately and show
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Question 8 O out of 0.5 points On January 1, 2016, Xander Insurance Company granted 12,210 stock options to certain executives. The options are exercisable no sooner than December 31, 2019, and expire on January 1, 2020. Each option can be exercised to acquire one share of $1 par common stock for $11. An option-pricing model estimates the fair value of the options to be $7 on the date of grant. The market price...
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