On January 1, 2013, Robertson Company created a fixed compensatory stock option plan for employees to acquire 18,000 shares of $3 par common stock for $22 a share. The options vest after four years of employment, and therefore, they cannot be exercised until January 1, 2017 On the grant date, the fair value of the options was $5 per option. All options were exercised on June 30, 2017. Robertson Company accounts for this plan using the fair value method.
Required:
Record all entries relating to this stock option plan over the life of the plan.
Correct Answer:
Verified
Q121: The following information is provided from the
Q122: Trevor had outstanding 40,000 shares of $30
Q123: On January 1, 2014, the Jim Corporation
Q124: On January 1, 2015, Asquith Company adopts
Q125: Several years ago, Walther, Inc. issued 12,000
Q127: .....
Q128: Below is the partial trial balance for
Q130: On January 1, 2014, Nelson Company gave
Q131: On January 1, 2013 Howard Corporation issued
Q138: Baltimore Bike had outstanding 12,000 shares of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents