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Record the journal entry for the ceo exercise

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Question - The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to buy one share of common stock for $20 per share. At the time the options were granted, the aggregate value of the options was $180.

To satisfy the CEO's exercise of the stock options, the Ash Inc. re-issued 30 shares from Treasury Stock. The treasury stock was repurchased in the prior year for a total of $480.

Record the journal entry for the CEO's exercise of the stock options and the re-issuance of the Treasury Stock. Check all that apply.

The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to buy one share of common stock for $20 per share. At the time the options were granted, the aggregate value of the options was $180.

To satisfy the CEO's exercise of the stock options, the Ash Inc. re-issued 30 shares from Treasury Stock. The treasury stock was repurchased in the prior year for a total of $480.

Record the journal entry for the CEO's exercise of the stock options and the re-issuance of the Treasury Stock. Check all that apply.

Cr. Additional Paid-In Capital - Common -- $300

Dr. Cash -- $180

Cr. Additional Paid-In Capital - Stock Options -- $180

Dr. Additional Paid-In Capital - Stock Options -- $180

Dr. Treasury Stock -- $480

Dr. Additional Paid-In Capital - Common -- $300

Dr. Cash -- $600

Cr. Treasury Stock -- $480

Reference no: EM133088101

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