Multiple Choice
On January 1, 2010, Wilson Corporation granted Emelia Walker, its president, a compensatory stock option plan to purchase 8, 000 shares of Wilson's $10 par common stock.The option price is $25 per share and the option has a fair value of $7 per option, which is exercisable on January 1, 2014, after four years of service.How much compensation expense should Wilson recognize on December 31, 2010?
A) $ 0
B) $14, 000
C) $56, 000
D) $80, 000
Correct Answer:
Verified
Correct Answer:
Verified
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