Intermediate Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (2nd Edition)
Intermediate Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (2nd Edition)
2nd Edition
ISBN: 9780134833118
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 19, Problem 19.6BE
To determine

The treatment of exercising the stock option plan by theemployee and journal entries to record it.

Giveninformation:

Number of shares given as an option is 5,000

Par value of common stock is $1.

Fair value of shares at grant date is $100,000.

Exercise price per option is $8 each.

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Intermediate Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (2nd Edition)

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