Please do not give solution in image format thanku TB MC Qu. 19-43 (Algo) On January 1, 2024, Sherwood Company granted...On January 1, 2024, Sherwood Company granted 98,000 stock options to certain executives. The options are exercisable sooner than December 31, 2025, and expire on January 1, 2030. Each option can be exercised to acquire one share of $1 per commonstock for $11. An option pricing model estimates the fair value of the options to be $5 on the date of grant.If unexpected tumover in 2025 caused the company to estimate that 20% of the options would be forfeited, what amount should Sherwood recognize es compensation expense for 2025?Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.Multiple Choiceo $163 333$98.COMO $49,000o 532,667

Employee stock option is a plan under which the enterprise grants rights to its employees to…

Sherwood Company granted 98.000 stock options to certain executives. The options are exercisable no sooner than December 31, 2025, and expire on January 1, 2030. Each option can be exercised to acquire one sh on pricing model estimates the fair value of the options to be $5 on the date of grant. er in 2025 caused the company to estimate that 20% of the options would be forfeited, what amount should Sherwood recognize es compensation expense for 2025? ntermediate calculations. Round your final answer to the nearest whole dollar amount. 133 op

Sherwood Company granted 98.000 stock options to certain executives. The options are exercisable no sooner than December 31, 2025, and expire on January 1, 2030. Each option can be exercised to acquire one sh on pricing model estimates the fair value of the options to be $5 on the date of grant. er in 2025 caused the company to estimate that 20% of the options would be forfeited, what amount should Sherwood recognize es compensation expense for 2025? ntermediate calculations. Round your final answer to the nearest whole dollar amount. 133 op

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Please do not give solution in image format thanku

TB MC Qu. 19-43 (Algo) On January 1, 2024, Sherwood Company granted...
On January 1, 2024, Sherwood Company granted 98,000 stock options to certain executives. The options are exercisable sooner than December 31, 2025, and expire on January 1, 2030. Each option can be exercised to acquire one share of $1 per common
stock for $11. An option pricing model estimates the fair value of the options to be $5 on the date of grant.
If unexpected tumover in 2025 caused the company to estimate that 20% of the options would be forfeited, what amount should Sherwood recognize es compensation expense for 2025?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
Multiple Choice
o $163 333
$98.COM
O $49,000
o 532,667

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