On January 1, 2016, Robertson Company Created a Fixed Compensatory

question 111

Essay

On January 1, 2016, Robertson Company created a fixed compensatory stock option plan for employees to acquire
18,000 shares of $3 par common stock for $22 a share. The options vest after four years of employment, and therefore, they cannot be exercised until January 1, 2020. On the grant date, the fair value of the options was $5 per option. All options were exercised on June 30, 2020. Robertson Company accounts for this plan using the fair value method.
Required:
Record all entries relating to this stock option plan over the life of the plan.

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Definitions:

Criminal Case

Legal proceedings brought by the state against an individual or entity accused of committing a crime.

Pretrial Motions

Written or oral requests made to a court by one party prior to trial, asking for a decision on certain issues so they can be resolved before the trial begins.

Criminal Case

A legal proceeding involving the prosecution of someone accused of committing a crime.

Criminal Process

The legal procedures and mechanisms used to enforce criminal law, from investigation to trial and sentencing.