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Make the proper journal entries to record this event

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Question - TK Entity grants its 15 senior employees 1,000 share options each (15,000 share options total) on February 1, 20X3 to acquire shares for a fixed amount.

Also, these shares vest on the grant date. Approval from the board of shareholders was necessary and was obtained on April 1, 20X3. TK has determined that each option has a fair value of $30 on February 1, 20X3, and the fair value is $20 on April 1, 20X3. Make the proper journal entries to record this event.

Reference no: EM133092234

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