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Provide the journal entry that for the compensation expense

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Reference no: EM132885317

Problem 1: Cardinal Inc., which has a fiscal year end of December 31, granted 1,000 stock options to its CEO as a form of compensation on January 1, 20X1 (exercise price = $50). When the options were issued they had an intrinsic value of $0 and a fair value of $6,600; on December 31, the options had an intrinsic value of $1,900 and a fair value of $6,200. The options were issued with an expected benefit period (or vesting period) of 3 years. Provide the journal entry that for the compensation expense for fiscal 20X1

Reference no: EM132885317

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