LCI Cable Company grants 1 million performance stock options to key executives at January 1, 2018. The
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Required:
1. Prepare the appropriate entry when the options are awarded on January 1, 2018.
2. Prepare the appropriate entries on December 31 of each year 2018-2021.
3. Suppose at the beginning of 2020, LCI decided it is not probable that the performance objectives will be met.
Prepare the appropriate entries on December 31 of 2020 and 2021.
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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