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Shiki Shiki
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5 years ago
The president of XBC was granted a stock option for 1,000 common shares. On the grant date,
the option price was $40 and the market value was $38 per share. Give the entry to record the
option at the date of the grant.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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wrote...
5 years ago
No entry is required because the option price exceeds the market price.
Shiki Author
wrote...
5 years ago
I wanna give this person a hug.
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