On 1st november 2011 olympic company adopted a stock option

Assignment Help Financial Accounting

Reference no: EM13351906

On 1^st November, 2011, Olympic Company adopted a stock option plan that granted options to key executives to purchase 57,200 shares of the company's $14 par value common stock. The options were granted on 2^nd January, 2012, and were exercisable two years after the date of grant if the grantee was still an employee of the corporation. The options expired six years from date of grant. The option price was set at $57, and the fair value option pricing model evaluates the total compensation expense to be $858,000.

All of the options were exercised in the year 2014: 42,900 on 3^rd January when the market price was $96, and 14,300 on May 1 when the market price was $110 a share

Evaluate compensation expense is recognized on 1/2/12?

Organize journal entries relating to the stock-option plan for the years 2012, 2013, and 2014. Consider that the employee performs services equally in 2012 and 2013

Reference no: EM13351906

Questions Cloud

Q1 suppose that the government imposed a 1 tax each time : q1. suppose that the government imposed a 1 tax each time someone used the atm. how would this effect output and the

Q mrs gray a 50-year-old mother of seven children is : q. mrs. gray a 50-year-old mother of seven children is complaining of dull aching pains in her legs. she reports that

Q a baby hamster kidney bhk cell has the surface area of : q. a baby hamster kidney bhk cell has the surface area of 3400 micrometressup2. assume that the endocyte

Q suppose in the short run a perfectly competitive firm has : q. suppose in the short run a perfectly competitive firm has variable cost 3q2 and mc 6q where q is the quantity of

On 1st november 2011 olympic company adopted a stock option : on 1st november 2011 olympic company adopted a stock option plan that granted options to key executives to purchase

Ds inc sells widgets for 3200 per unit the variable cost : ds inc sells widgets for 32.00 per unit. the variable cost per unit is 25.00. if the total fixed cost are 335000

Q mr spocks father came from the plant vulcan and his : q. mr. spocks father came from the plant vulcan and his mother was from planet earth. a vulcan has pointy ears and a

Q airways express has an evening flight from los angeles to : q. airways express has an evening flight from los angeles to new york with an average of 80 passengers and a return

Alfred a 33 percent profits and capital partner in pizzeria : alfred a 33 percent profits and capital partner in pizzeria partnership requires help in adjusting his tax basis to

User Account

All Pages