Where share options are issued and subsequently lapse, the cost of the lapsed options is transferred to a Lapsed Options Reserve account.

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Quizplus · Accepted Answer

This statement is true. When share options are issued and subsequently lapse, the cost of the lapsed options is transferred to a Lapsed Options Reserve account in order to keep track of the company's stock compensation expenses.

Where Share Options Are Issued and Subsequently Lapse, the Cost