Multiple Choice
On March 1, 2017, when the market price of Wilson's stock was $14 per share, 3 million of the options were exercised. The journal entry to record this would include:
A) A debit to paid-in capital-stock options for $42 million.
B) A credit to paid-in capital-excess of par for $255 million.
C) A credit to common stock for $75 million.
D) All of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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