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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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