Please give me true answer this financial accounting question TechWorks Corporation granted 120,000 stock options to certainemployees on January 1, 2020. The options are exercisable no sooner thanDecember 31, 2023, and expire on January 1, 2025. Each option can beexercised to acquire one share of $1 par common stock for $15. An option-pricing model estimates the fair value of the options to be $5 on the date ofgrant. What amount should TechWorks Corporation recognize ascompensation expense for 2020?

Step 1: Define Compensation Expense for Stock OptionsCompensation Expense for Stock Options refers…

Answered: TechWorks Corporation granted 120,000…

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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