INTERMEDIATE ACCOUNTING (LL)-W/ACCESS
17th Edition
ISBN: 9781119598565
Author: Kieso
Publisher: WILEY
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General accounting
On January 1, Year 6, Howard, Inc., granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, Year 7. What entry, if any, was required on December 31, Year 6?
a. Compensation Expense 7,000Paid-in Capital from Share Options 7,000
b. no entry necessary
c. Compensation Expense 6,000Paid-in Capital Share Options 6,000
d. Compensation Expense 9,000Deferred Compensation 9,000
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