On January of Year Holiday Inc. offered a stock option incentive plan to a top executive. The plan provided the executive stock options for Holiday Inc. $ par value, common stock at an option price of $ per share through the expiration date of January of Year The fair value of the options based upon an optionpricing model on January of Year is $ The market price at yearend of Holiday Inc. stock is $ per share on January of Year and $ on December of Year The requisite service period is years. The options were not exercised due to the stock price remaining below $ per share after the vesting period.
Record the entry on January of Year for the expiration of the stock options.
Note: If a line in a journal entry isn't required for the transaction, select NAdebit" and NAcredit" as the account names and leave the Dr and Cr answers blank zero
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