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What is the total compensation cost for the plan

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Reference no: EM132765471

Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model.

Problem 1: What is the total compensation cost for this plan?

Reference no: EM132765471

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