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Problem - Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model.
(1) Determine the total compensation cost pertaining to the options. Show calculations.
(2) Prepare the appropriate journal entry to record compensation expense for the year 2021.
(3) 54,000 shares of options are exercised on April 15, 2024. The market price is $8 per share. Prepare the appropriate journal entry to record this transaction.
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on 31st december 2012 berclair inc. had 200 million shares of common stock and 3 million shares of 9 percent 100 par
The emphasis in biomedical ethics on informed consent as an important way to respect patient autonomy is misguided
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the company spends another $27,000 on this truck for the sole purpose of extending its life by three additional years. How is this expenditure recorded?
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A company is formulating its plans for the coming year, including the preparation of its cash budget.
Determine the company's net earnings on an accrual basis for 2022. Your examination of the records of a company that follows the cash basis of accounting.
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