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Business, 22.06.2019 19:50 macylen3900

On january 1, 2017, swifty corporation granted 5,500 options to executives. each option entitles the holder to purchase one share of swifty’s $5 par value common stock at $50 per share at any time during the next 5 years. the market price of the stock is $60 per share on the date of grant. the fair value of the options at the grant date is $156,000. the period of benefit is 2 years. prepare swifty’s journal entries for january 1, 2017, and december 31, 2017 and 2018.

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On january 1, 2017, swifty corporation granted 5,500 options to executives. each option entitles the...
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