On January 2, 2016, Emma Corp. (a calendar-year company) grants 17,340 stock options with a...
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On January 2, 2016, Emma Corp. (a calendar-year company) grants 17,340 stock options with a 3-year vesting period to employees. On the grant date, the market price of the $2 par value stock is equal to the exercise price of $12 per share. On the date of grant, the estimated value of the options is $5 per option. During 2019, when the market value of the stock is $25 per share, 5,920 stock options were exercised. Emma Corp, should recognize this event by crediting PIC in Excess of Par for $
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