On November 1,2025, Whispering Company adopted a stock-option plan that granted options to key executives...
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On November Whispering Company adopted a stockoption plan that granted options to key executives to purchase shares of the company's $ par value common stock. The options were granted on January and were exercisable years after the date of grant if the grantee was still an employee of the company. The options expired years from date of grant. The option price was set at $ and the fair value optionpricing model determines the total compensation expense to be $
All of the options were exercised during the year : on January when the market price was $ and on May when the market price was $ a share.
Prepare journal entries relating to the stock option plan for the years and Assume that the employee performs services equally in 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 O for the amounts. Do not round intermediate calculations. Round answers to decimal places, eg Record entries in the order displayed in the problem statement.
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