The president of XBC was granted a stock option for 1,000 common shares.On the grant date,the option price was $40 and the market value was $38 per share.Give the entry to record the option at the date of the grant.

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The Answer of The president of XBC was granted a stock option for 1,000 common shares.On the grant date,the option price was $40 and the market value was $38 per share.Give the entry to record the option at the date of the grant.

The President of XBC Was Granted a Stock Option for 1,000