On 5/31/2022 Grant options, that vest in 36 months, to officers to buy 50,000 common shares for $18 each (current MV $18) over a an 8-year exercise period, valued at $450,000 using Black-Scholes pricing model. Average 2022 CS MV is $20. What would the journal entry be for 2022?

On 5/31/2022 Grant options, that vest in 36 months, to officers to buy 50,000 common shares for $18 each (current MV $18) over a an 8-year exercise period, valued at $450,000 using Black-Scholes pricing model. Average 2022 CS MV is $20. What would the journal entry be for 2022?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 7RE: On January 1, 2019, Phoenix Corporation adopts a performance-based share option plan for 25...

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