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Clonal Pickwick Company awarded 1,700 options to acquire 1,700 shares of its common stock. The options have a fai value of $19 each. The market price and the exercise price were both equal to $10 per share on the date of the grant. Prepare the journal entry to record the options on the date of the grant. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining fields in the table blank.) Account RICCEED Grant Date

Clonal Pickwick Company awarded 1,700 options to acquire 1,700 shares of its common stock. The options have a fai value of $19 each. The market price and the exercise price were both equal to $10 per share on the date of the grant. Prepare the journal entry to record the options on the date of the grant. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining fields in the table blank.) Account RICCEED Grant Date

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Clonal Pickwick Company awarded 1,700 options to acquire 1,700 shares of its common stock. The options have a fair value of $19 each. The market price and the exercise price were both equal to $10 per share on the date of the grant. Prepare the journal entry to record the options on the date of the grant. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining fields in the table blank.) Account GELED Grant Date
Transcribed Image Text:Clonal Pickwick Company awarded 1,700 options to acquire 1,700 shares of its common stock. The options have a fair value of $19 each. The market price and the exercise price were both equal to $10 per share on the date of the grant. Prepare the journal entry to record the options on the date of the grant. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining fields in the table blank.) Account GELED Grant Date
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