Question
In: Accounting
Rutter Inc. granted (see below for #) stock options to executives and employees on January 1,...
- Rutter Inc. granted (see below for #) stock options to executives and employees on January 1, 2017. The options have a strike price is $10 per share and expire in 2019. The par value of the common stock is $ Using an option pricing model, the company calculates a fair value of $20 per share. The expected service period, or benefit period, is (see below) years.
- Prepare the journal entries for 2017 and 2018.
- In 2019, (see below) % of the options are exercised and the remaining options expire.
Last Name # of options granted_ service period % exercised_______
A – D 200,000 2 years 20%
E – K 300,000 3 years 30%
L – S 250,000 2 years 40%
T – Z 500,000 3 years 50%
Solutions
ekkarill92 answered 10 months agoRelated Solutions
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