Business, 14.05.2021 01:00 jaxondbagley
On January 1, 2021, Rosecrans Inc. granted 20 million options, each giving the employee the right to acquire one share of $1 par common stock. The exercise price is $12 per share. Options vest on January 1, 2025. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $30 per option. There were no forfeitures. On March 1, 2025, when the market price of Rosecrans stock was $15 per share, 3 million of the options were exercised. The journal entry to record this would include:
Answers: 3
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On January 1, 2021, Rosecrans Inc. granted 20 million options, each giving the employee the right to...
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