Which of the following statements correctly describes the above journal entry?
A) The issue of options; costing $3.50 each.
B) The issue of options; costing $30 each.
C) The exercise of options; with a current market value per share of $3.50.
D) The exercise of options; initially costing $3,500,000 to issue, and with a current market value per share of $30.
E) The exercise of options; initially costing $3,500,000 to issue, and with an exercise price for each option of $30.
Correct Answer:
Verified
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