Rutter Inc. granted (see below for #) stock options to
executives and employees on January 1,...
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Rutter Inc. granted (see below for #) stock options toexecutives and employees on January 1, 2017. The options have astrike price is $10 per share and expire in 2019. The par value ofthe common stock is $ Using an option pricing model, the companycalculates a fair value of $20 per share. The expected serviceperiod, or benefit period, is (see below) years.
Prepare the journal entries for 2017 and 2018.
In 2019, (see below) % of the options are exercised and theremaining options expire.
