On March 1,2020,when the market price of Wilson's stock was $14 per share,3 million of the options were exercised.The journal entry to record this would include:
A) A debit to paid-in capital-stock options for $42 million
B) A credit to paid-in capital-excess of par for $255 million
C) A credit to common stock for $75 million
D) All of these answer choices are correct.
Correct Answer:
Verified
Q19: Stock options will be dilutive and included
Q20: Except for tax considerations the potentially dilutive
Q22: On January 1,2016,D Corp.granted an employee an
Q22: The most important accounting objective for executive
Q23: On January 1,2016,Blue Inc.issued stock options for
Q25: If unexpected turnover in 2017 caused the
Q26: On January 1,2016,G Corp.granted stock options to
Q27: On January 1,2016,Red Inc.issued stock options for
Q28: Assume that all compensation expense from the
Q29: Under its executive stock option plan,Z Corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents