Can you help me with this question Etice Assignment Gradebook ORION Downloadable eTextbook ament CALCULATOR FULL SCREEN PRINTER VERSION <BACK NEXT Problem 16-03 Your answer is partially correct. Try again. Larkspur Company adopted a stock-aption plan on November 30, 2019, that provided that 72,500 shares of $5 par value stock be designated as available for the granting of options to...
On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 8 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 60 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2021. Four million treasury shares were...
On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2021. Four million treasury shares were...
TIF PROBLEM THREE - 12 Employee Stock Options During January, 2013, Lastech Inc. issued options to their employee, Ms. Marianne Black. The options allowed Ms. Black to acquire 1,500 of the Company's common shares at an option price of $23 per share. At the point in time when the options were exercised, the fair market value of the shares was...
On January 1, 2019, Cullumber Corporation granted 10,300 options to key executives. Each option allows the executive to purchase one share of Cullumber's $5 par value common stock at a price of $20 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...
On January 1, 2020, Pronghorn Corporation granted 4,600 options 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...
On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 120 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2021 Four million treasury shares were...
On January 1, 2018, Pronghorn Property Management Inc. introduced a stock-based compensation plan for its senior executives. The company has a December 31, 2018 year-end and the following events occurred: ● January 1, 2018 – The company issued 324,000 options to senior management executives for the purchase of shares at $11 / share. The fair value of the options using...
Note: i can only use cash, common stock, compensation expense, income tax payable, and 3 types of paid in capital (excess, expiration, stock option) for the journal entries. Thank you. Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, 2021, options were granted for 72 million $1 par common shares. The exercise...
As part of its executive compensation plan, Vertovec Inc. granted 90,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec’s common shares have a market price of $9 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 480,000 shares...