On January 1, 2011, Ritter Company granted share options to officers and key employees for the purchase of 10,000 ordinary shares of the company's $1 par at $20 per share as additional compensation for services to be rendered over the next three years.The options are exercisable during a five-year period beginning January 1, 2014 by grantees still employed by Ritter.The Black-Scholes option pricing model determines total compensation expense to be $90,000.The market price of ordinary shares was $26 per share at the date of grant.The journal entry to record the compensation expense related to these options for 2011 would include a credit to the Share Premium-Share Options account for

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The Answer of On January 1, 2011, Ritter Company granted share options to officers and key employees for the purchase of 10,000 ordinary shares of the company's $1 par at $20 per share as additional compensation for services to be rendered over the next three years.The options are exercisable during a five-year period beginning January 1, 2014 by grantees still employed by Ritter.The Black-Scholes option pricing model determines total compensation expense to be $90,000.The market price of ordinary shares was $26 per share at the date of grant.The journal entry to record the compensation expense related to these options for 2011 would include a credit to the Share Premium-Share Options account for

On January 1, 2011, Ritter Company Granted Share Options to Officers