Under what circumstances should compensation expense be recorded for a stock option plan?
5.Berman Corporation was organized during 20xx.In organizing,the company incurred the following costs:
1.Paid the state $900 for the corporate charter and related fees of incorporation.
2.Paid the attorney $2,500 for services rendered in connection with filing incorporation papers with the state.
3.Issued 500 shares of $5 par value common stock to an accountant in exchange for accounting services valued at $3,000.
Prepare the entries in journal form necessary to record the above transactions without explanations.

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The Answer of Under what circumstances should compensation expense be recorded for a stock option plan?
5.Berman Corporation was organized during 20xx.In organizing,the company incurred the following costs:
1.Paid the state $900 for the corporate charter and related fees of incorporation.
2.Paid the attorney $2,500 for services rendered in connection with filing incorporation papers with the state.
3.Issued 500 shares of $5 par value common stock to an accountant in exchange for accounting services valued at $3,000.
Prepare the entries in journal form necessary to record the above transactions without explanations.

Under What Circumstances Should Compensation Expense Be Recorded for a Stock