On January 1,2025, Wildhorse Corporation granted 5,200 options to executives. Each option entitles the holder...
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Accounting
On January Wildhorse Corporation granted options to executives. Each option entitles the holder to purchase one share of Wildhorse's $ par value common stock at $ per share at any time during the next years. The market price of the stock is $ per share on the date of grant. The fair value of the options at the grant date is $ The period of benefit is years.
Prepare Wildhorse's journal entries for January and December and List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
Answer & Explanation
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