Question: (c) Assume instead that the executives in items 5 and 6 had fulfilled the employment contract, and that the stock options expired because the share

(c) Assume instead that the executives in items 5 and 6 had fulfilled the employment contract, and that the stock options expired because the share price was lower than the exercise or strike price. Would it be incorrect to have recorded compensation expense related to the expired stock options, during the service period? v Would the journal entry to record the expiration be any different than the journal entry for item 6 recorded in the previous part? v Prepare the journal entry to record the expiration. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit

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