On July 5, 2017, Alpha Corp

question 31

Short Answer

On July 5, 2017, Alpha Corp.purchased a call option for $2,400, giving it the right to buy 1,000 shares of Omega Corp.for $40 per share.On August 18, 2017, when the option value is $12,000, Omega settles the option for cash.The entry on Alpha's books to record the settlement is

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Definitions:

Walking

The act of moving at a moderate pace by lifting and setting down each foot in turn, never having both feet off the ground at once.

Crawling

A developmental milestone in infants, typically occurring between 6 to 10 months, where they move on their hands and knees.

Babinski Reflex

A reflex action in infants, which is a sign of normal neurological function, where the big toe extends upward when the sole of the foot is stimulated.

Moro Reflex

An involuntary response seen in newborns, involving a startle reaction followed by a hugging motion.