On January 1,2021, Jensen Corporation granted 50,000 options to key executives. Each option allows the...
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On January Jensen Corporation granted options to key executives. Each option allows the executive to purchase one share of Jensen's par value ordinary shares at a price of per share. The market price of the shares on this date was per share.The options were granted as compensation for executives' services to be rendered over a twoyear period beginning January service period is years and were exercisable within a year period beginning January The BlackScholes option pricing model determines total compensation expense to be On October options were exercised when the market value of the shares was per share. The remaining options lapsed in Required:Prepare the necessary journal entries related to the Shareoption plan from January if any through
On January Jensen Corporation granted options to key executives. Each option allows the executive to purchase one share of Jensen's par value ordinary shares at a price of per share. The market price of the shares on this date was per share.The options were granted as compensation for executives' services to be rendered over a twoyear period beginning January service period is years and were exercisable within a year period beginning January The BlackScholes option pricing model determines total compensation expense to be On October options were exercised when the market value of the shares was per share. The remaining options lapsed in Required:Prepare the necessary journal entries related to the Shareoption plan from January if any through
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