Oshawa Motor Parts issued 100,000 stock options to its employees. The company granted the stock options at-the-money,
Question:
Oshawa Motor Parts issued 100,000 stock options to its employees. The company granted the stock options at-the-money, when the share price was $30. These options have no vesting conditions. By year-end, the share price had increased to $32. Oshawa’s management estimates the value of these options at the grant date to be $1.50 each.
Required:
Record the issuance of the stock options.
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