Exhibit 15-3
On January 1, 2016, Howard, Inc. granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017.
-Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?

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The Answer of Exhibit 15-3
On January 1, 2016, Howard, Inc. granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017.
-Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?

Exhibit 15-3 On January 1, 2016, Howard, Inc. Granted to a Key