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Vishnu

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Assume that Amazon.com has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant. Amazon has 5,000 stock options outstanding, which were granted at the beginning of 2020. The following data relate to the option grant. Exercise price for options 1$40 Market price at grant date (January 1, 2020) 1$40 Fair value of options at grant date (January 1, 2020) 1$6 Service period 15 years Instructions a.   Prepare the journal entry(ies) for the first year of the stock-option plan. b.   Prepare the journal entry(ies) for the first year of the plan assuming that, rather than options, 700 shares of restricted stock were granted at the beginning of 2020. c.   Now assume that the market price of Amazon stock on the grant date was $45 per share. Repeat the requirements for (a) and (b). d.   Amazon would like to…

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Assume that Sarazan Company has a share-option plan for top management. Each share option represents the right to purchase a $1 par value ordinary share in the future at a price equal to the fair value of the shares at the date of the grant. Sarazan has 5,000 share options outstanding, which were granted at the beginning of 2020. The following data relate to the option grant. Exercise price for options 1$40 Market price at grant date (January 1, 2020) 1$40 Fair value of options at grant date (January 1, 2020) 1$6 Service period 15 years Instructions a.   Prepare the journal entry(ies) for the first year of the share-option plan. b.   Prepare the journal entry(ies) for the first year of the plan assuming that, rather than options, 700 shares of restricted shares were granted at the beginning of 2020. c.   Now assume that the market price of Sarazan shares on the grant date was $45 per share. Repeat the requirements for (a) and (b). d.   Sarazan would like to…

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Now assume that the market price of Amazon stock on the grant date was $47 per share. Prepare the journal entries for the first year of the plan assuming that, rather than options, 710 shares of restricted stock were granted at the beginning of 2020. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation Debit Credit >

Assume that TPL has a stock-option plan for top management. Each stock option represents the right to purchase a share of TPL $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant. TPL has 75,0 00 stock options outstanding, which were granted at the beginning of 2020. The following data relate to the option grant: Exercise price for options $31; Market price at grant date (January 1, 2020) $31; Fair value of options at grant date (January 1, 2020) $2; Service period 4 years. Prepare the journal entry (ies) for the first year of the plan. Prepare the journal entry (ies) for the first year of the plan assuming that, rather than options, 2,500 shares of restricted stock were granted at the beginning of 2020. Now assume that the market price of TPL stock on the grant was $35 per share. Repeat the requirements for (a) and (b). TPL eould like to implement an employee stock-purchase plan for rank-and-file employees,but it would like…

Vishnu

A-3

Settings On May 1, 2021, Roger Rabbit Company adopted a stock-option plan that granted options to key executives to purchase 8,000 shares of the company's $10 par value common stock. The options were granted on January 1, 2022 and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 5 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $189,000. All of the options were exercised during the year 2024: 3,400 on January 3 when the market price was $38, and 4,600 on May 1 when the market price was $42 a share. Prepare journal entry relating to the stock option plan for the year 2023. Assume that the employee performs services equally in 2022 and 2023. O Debit Compensation Expense $94,500; Credit Paid-in Capital-Stock Options $94,500 O Debit Compensation Expense $189,000; Credit Paid-in Capital-Stock Options $189,000 O Debit…

Dhapa

Page of 5 ZOOM Practice Exercises - Stock Options On November 1, 2020, DaBaby Company adopted a stock-option plan that granted options to key executives to purchase 42,500 shares of the company's $10 par value common stock. The options were granted on January 2, 2021 and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $210,000. 3. All of the options were exercised during the year 2023: 20,100 on January 15 when the market price was $48, and 22,400 on June 1 when the market price was $56 a share. Prepare journal entries relating to the stock option plan for the years 2021, 2022, and 2023. Assume that the employee performs services equally in 2022 and 2023. General Journal Debit Credit ASA ENG INTI

Ashvinn

36. Subject : - Accounting

Recording Stock Options: Issuance and Exercise In October 2019, Meno Corp. announced a stock option incentive plan for its top executives. The plan provides each executive 6,000 stock options for Meno's common stock, $1 par, at an exercise price of $36 per share reduced by the percentage increase in EPS from December 31, 2019, to December 31, 2021. The rights are nontransferable and are exercisable three years after the grant date and prior to five years from the grant date. Continuing employment is required through exercise date, and the requisite service period ends on the first possible exercise date. On January 1, 2020, Martha Smith was granted 3,000 options when the market price was $30 per share. Using an option-pricing model, the fair value of the options granted to Smith was valued at $9 per option. On December 31, 2020, Meno's management believed that Smith would exercise her options at the first exercise date. By December 31, 2021, Meno's EPS had increased by 20%. Smith…

Recording Stock Options: Issuance and Exercise In October 2019, Meno Corp. announced a stock option incentive plan for its top executives. The plan provides each executive 9,000 stock options for Meno’s common stock, $1 par, at an exercise price of $36 per share reduced by the percentage increase in EPS from December 31, 2019, to December 31, 2021. The rights are nontransferable and are exercisable three years after the grant date and prior to five years from the grant date. Continuing employment is required through exercise date, and the requisite service period ends on the first possible exercise date.On January 1, 2020, Martha Smith was granted 3,000 options when the market price was $30 per share. Using an option-pricing model, the fair value of the options granted to Smith was valued at $9 per option. On December 31, 2020, Meno’s management believed that Smith would exercise her options at the first exercise date. By December 31, 2021, Meno’s EPS had increased by 20%. Smith…

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