On January, 2021, Frankloil Co.granted incentive stock options to its management. They are exercisable for...
50.1K
Verified Solution
Link Copied!
Question
Accounting
On January, 2021, Frankloil Co.granted incentive stock options to its management. They are exercisable for 100,000 common shares, but not for two years. The options have a fair value of $2 per share. Record the entry for December 31, 2021
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!