Bridgeport Company adopted a stock-option plan on November 30, 2019, that provided that 63,700 shares of $5 par value stock be designated as available for the granting of options to officers of the corporation at a price of $9 a share. The market price was $12 a share on November 30, 2020. On January 2, 2020, options to purchase 29,100...
On December 31, 2020. Berclair Inc. had 540 million shares of common stock and 21 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021. Berclair purchased 24 milion shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were...
Grades WP --/1 Wiley Accounting Weekly Updates Question 7 View Policies Current Attempt in Progress OC Student Practice and Solutions Manual Wiley CPAexcel Con- tinued Access On November 1, 2020, Larkspur Company adopted a stock-option plan that granted options to key executives to purchase 24,900 shares of the company's $9 par value common stock. The options were granted on January...
Problem 5-36 (LO 5-2) Assume that on January 1 year 1, ABC Inc. issued 5,000 stock options with an estimated value of $10 per option. Each option entities the owner to purchase one share of ABC stock for $25 a share the per share price of ABC stock on January 1 year 1 when the options were granted). The options...
Current Attempt In Progress On January 1, 2019. Sheffield Corporation granted 10.200 options to key executives. Each option allows the executive to purchase one share of Sheffield's 55 par value common stock at a price of $19 per share. The options were exercisable within a 2-year period beginning January 1, 2021, the grantee is still employed by the company at...
Under its executive stock option plan, National Corporation granted 18 million options on January 1, 2018, that permit executives to purchase 18 million of the company’s $1 par common shares within the next six years, but not before December 31, 2020 (the vesting date). The exercise price is the market price of the shares on the date of grant, $15...
On December 31, 2020. Berclair Inc. had 280 million shares of common stock and 3 million shares of 9%. $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 56 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were...
Assume that on January 1, year 1, ABC Inc. Issued 7,550 stock options with an estimated value of $12 per option. Each option entitles the owner to purchase one share of ABC stock for $33 a share (the per share price of ABC stock on January 1, year 1, when the options were granted). The options vest at the end...
On December 31, 2020, Berclair Inc. had 300 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 64 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were...
On January 1, 2019, Bramble Corp. granted Sam Wine, an employee, an option to buy 1,000 shares of Bramble Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5580. Wine exercised his option on October 1, 2021 and sold...