The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO...
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Accounting
The CEO of Ash Inc. exercised 30 stock options. Each stock option gave the CEO the right to buy one share of common stock for $20 per share. At the time the options were granted, the aggregate value of the options was $180. To satisfy the CEO's exercise of the stock options, the Ash Inc. re-issued 30 shares from TreasuryStock. The treasury stock was repurchased in the prior year for a total of $480. Record the journal entry for the CEO's exercise of the stock options and the re-issuance of the Treasury Stock.
Check all that apply:
a. Cr. Additional Paid-In Capital - Common -- $300
b. Dr. Cash -- $180
c. Cr. Treasury Stock -- $480
d. Dr. Cash -- $600
e. Dr. Additional Paid-In Capital - Common -- $300
f. Dr. Additional Paid-In Capital - Stock Options -- $180
g. Dr. Treasury Stock -- $480
h. Cr. Additional Paid-In Capital - Stock Options -- $180
PLEASE SHOW WORK AND ONLY SELECT FROM THE OPTIONS AVAILABLE.
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