Question: Please answer the following question and show your work. Thank you very much for your help. On January 1, 2017, Boom Inc. granted its chief

Please answer the following question and show your work. Thank you very much for your help.

Please answer the following question and show
On January 1, 2017, Boom Inc. granted its chief executive officer 30 stock options with a strike price of $50 per share. Each option was worth $15. The options vest in two years and expire in five years. As of the grant date, there was a 100% chance that the chief executive officer would remain with the company through the vesting period. The options settle in stock. Record the journal entry for the grant of the stock options. Check all that apply. Dr. Deferred Compensation -- $450 Cr. Common Stock at Par -- zero Dr. Deferred Compensation -- $1500 Cr. Stock option contingency -- $1500 0 0 0 0 0 0 0 0 Dr. Compensation Expense -- $1500 Cr. Additional Paid-In Capital -- Stock options -- $450 Cr. Additional Paid-In Capital -- Stock options -- $1500 Dr. Compensation Expense -- $450

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