Prepare journal entries relating to the stock option plan for the years and Assume that the employee pertorms services equally in and
ELO Issuance Exercise, and Termination of Stock Options On January Titania Inc. granted stock options to officers and key employees for the purchase of shares of the company's $ par common stock at $ per share. The options were exercisable within a year period beginning January by grantees still in the employ of the company, and expiring December The service period for this award is years. Assume that the fair value optionpricing model determines total compensation expense to be $
On April options were terminated when the employees resigned from the company. The market price of the common stock was $ per share on this date.
On March options were exercised when the market price of the common stock was $ per share.
Instructions
Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December and
