On January 1, 2012, Trent Company granted Dick Williams, an employee, an option to buy 100 shares of Trent Co.shares for $30 per share, the option exercisable for 5 years from date of grant.Using a fair value option pricing model, total compensation expense is determined to be $900.Williams exercised his option on September 1, 2012, and sold his 100 shares on December 1, 2012.Quoted market prices of Trent Co.shares during 2012 were:

The service period is for two years beginning January 1,2012.As a result of the option granted to Williams, using the fair value method, Trent should recognize compensation expense for 2012 on its books in the amount of

Question

On January 1, 2012, Trent Company granted Dick Williams, an employee, an option to buy 100 shares of Trent Co.shares for $30 per share, the option exercisable for 5 years from date of grant.Using a fair value option pricing model, total compensation expense is determined to be $900.Williams exercised his option on September 1, 2012, and sold his 100 shares on December 1, 2012.Quoted market prices of Trent Co.shares during 2012 were:

The service period is for two years beginning January 1,2012.As a result of the option granted to Williams, using the fair value method, Trent should recognize compensation expense for 2012 on its books in the amount of

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The Answer of On January 1, 2012, Trent Company granted Dick Williams, an employee, an option to buy 100 shares of Trent Co.shares for $30 per share, the option exercisable for 5 years from date of grant.Using a fair value option pricing model, total compensation expense is determined to be $900.Williams exercised his option on September 1, 2012, and sold his 100 shares on December 1, 2012.Quoted market prices of Trent Co.shares during 2012 were:

The service period is for two years beginning January 1,2012.As a result of the option granted to Williams, using the fair value method, Trent should recognize compensation expense for 2012 on its books in the amount of

On January 1, 2012, Trent Company Granted Dick Williams, an Employee