On January 1,2016,G Corp

question 84

Multiple Choice

On January 1,2016,G Corp.granted stock options to key employees for the purchase of 80,000 shares of the company's common stock at $25 per share.The options are intended to compensate employees for the next two years.The options are exercisable within a four-year period beginning January 1,2018,by the grantees still in the employ of the company.No options were terminated during 2016,but the company does have an experience of 4% forfeitures over the life of the stock options.The market price of the common stock was $31 per share at the date of the grant.G Corp.used the Binomial pricing model and estimated the fair value of each of the options at $10.What amount should G charge to compensation expense for the year ended December 31,2016?

• A)$307,200.
• B)$320,000.
• C)$384,000.
• D)$400,000.

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