On January 1 , 2 0 2 4 , Garcia Inc. granted stock options to its CEO,
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On January Garcia Inc. granted stock options to its CEO, which vest over the next four years. The options allow the CEO to purchase shares of the company's $ par common stock at $ per share. The options are exercisable during a three year period beginning January if the CEO is still employed with the company. On the grant date, the market price of common stock was $ per share, and the total compensation expense of the options calculated using the Black Scholes model is $ The journal entry to record the compensation expense related to these options for would include a credit to Paid in Capital Stock Options?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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