Intermediate Accounting - Myaccountinglab - Pearson Etext Access Card Student Value Edition
Intermediate Accounting - Myaccountinglab - Pearson Etext Access Card Student Value Edition
1st Edition
ISBN: 9780134047430
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
Question
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Chapter 19, Problem 19.1E
To determine

To prepare: The journal entries for recording of compensation expense over the vesting period.

Given information:

Number of shares as an option is 100,000.

Par value of common stock is $1.20.

Exercise price per share is $4.80.

Total option time period is 5 years.

Estimated fair value at the grant date is $850,000 (100,000 shares×$8.5 per share) .

Initial vesting probability is 100%.

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Intermediate Accounting - Myaccountinglab - Pearson Etext Access Card Student Value Edition

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