Business, 07.12.2019 07:31 PONBallfordM89

On january 1. 2018, hugh morris comedy club (hmcc) granted 1 million stock options to key executives exercisable for 1million shares of the company’s common stock at 520 per share. the stock options are intended as compensation for thenext three years. the options are exercisable within a four-year period beginning january 1. 2021. by the executives still inthe employ of the company. no options were terminated during 2018. the market price of the common stock was $25 pershare at the date of the grant. hmcc estimated the fair value of the options at 59 each. 1% of the options are forfeitedduring 2019 due to executive turnover. what amount should hmcc record as compensation expense for the year endeddecember 31. 2019. assuming hmcc chooses the option to record forfeitures as they actually occur?

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On january 1. 2018, hugh morris comedy club (hmcc) granted 1 million stock options to key executives...

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