Problem related to journal entry to record

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Reference no: EM13132653

On March 1, 2015, when the market price of Wilson's stock was $14 per share, 3 million of the options were exercised. The journal entry to record this would include:

A. A debit to paid-in capital - stock options for $42 million.

B. A credit to paid-in capital - excess of par for $255 million.

C. A credit to common stock for $75 million.

D. All of these are correct.

Reference no: EM13132653

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