Refer to the situation described in BE 19-2. Suppose that the options are exercised on April 3, 2014, when the market price is $19 per share. Ignoring taxes, what journal entry will National record?
Answer to relevant QuestionsRefer to the situation described in BE 19-2. Suppose that the options expire without being exercised. Ignoring taxes, what journal entry will National record?On October 1, 2011, Farmer Fabrication issued stock options for 100,000 shares to a division manager. The options have an estimated fair value of $6 each. To provide additional incentive for managerial achievement, the ...Kmart Holding Co. included the following disclosure note in an annual report:Required:1. Based on the information provided in the disclosure note, determine the weighted average market price of the restricted stock issued.2. ...The Alford Group had 202,000 shares of common stock outstanding at January 1, 2011. The following activities affected common shares during the year. There are no potential common shares outstanding.2011Feb. 28 Purchased ...As part of its executive compensation plan, Vertovec Inc. granted 54,000 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 ...
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