Common Stock Issued to Employees Through the Exercise of Stock

Multiple Choice

Common stock issued to employees through the exercise of stock purchase rights under a stock option plan that is classified as a noncompensatory share purchase plan is recorded by the corporation at the

A) market price of the stock
B) exercise price of the stock
C) market price of the stock at the first date that the stock purchase right can be exercised
D) option price of the stock plus the value assigned to the stock purchase right