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Determine which details an impact of the transaction

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During the fiscal year ended January 28, 2017, Abercrombie & Fitch reported the exercise of 2,000 shares at a weighted-average exercise price of $22.87.

Question 1: If Abercrombie's stock was trading at $11.36 on January 27, 2017 and $12.00 on December 30, 2016, which of the following details an impact of this transaction on Abercrombie's accounts?

Select one:

Option A. A decrease of $24,000 to additional paid-in capital

Option B. An increase of $45,740 to cash

Option C. A decrease of $42,300 to additional paid-in capital

Option D. An increase of $22,720 to cash

Option E. None of the above

Reference no: EM132489127

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