Employee share ownership plans
Grieger Inc. set up an ESOP under which employees may purchase shares of the company for $ 20 per share. The option premium is $ .50 per share and Grieger set aside 20,000 shares. On January 1, 2020, 12,000 options are purchased by employees. On December 1, 2020, all 12,000 options are exercised.
Instructions
Prepare the journal entries to record the above events.
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Q81: Fair value disclosure for financial instruments -
Q82: Q83: Convertible bonds Q84: Employee stock options Q85: *Stock appreciation rights Q87: Forward contract Q88: Convertible bonds and warrants Q89: Convertible bonds Q90: Fair value disclosure for financial instruments - Q91: Stock options
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