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Create journal entries on a spreadsheet

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Reference no: EM132923544

Question - Your company issued employee 360,000 stock options to the CEO of your company. The options expiry in five years and have a vesting period of 3 years based on the following schedule:

1/3 upon issuance, 1/3 after one year and 1/3 after 2 years; Assume Zero Forfeiture Rate

-The options were valued at $1 per option

-Your company is expensing this option monthly

-Your CEO quit after 18 months and as a result his last tranche was forfeited

-Before quitting, the CEO exercised all his vested options

Create journal entries on a spreadsheet.

Reference no: EM132923544

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