Essay
On June 1,2008,Will Oldman,treasurer of A-One Corporation,received an option to purchase 2,000 shares of A-One $5 par value common stock for $20 per share any time during 2009 or 2010.Oldman exercised his option on May 14,2009.The market price of the stock was $20 per share on June 1,2008,and $25 per share on May 14,2009.Provide the entry in journal form to record the exercise of the option on A-One's books.Show computations.(Omit explanation.)
Correct Answer:
Verified
Correct Answer:
Verified
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