Multiple Choice
On January 1, 2014, Watchtower Corporation granted Emma Freegross, its president, a compensatory stock option plan to purchase 8,000 shares of Watchtower's $10 par common stock. The option price is $25 per share and the option has a fair value of $7 per option, which is exercisable on January 1, 2018, after four years of service. How much compensation expense should Watchtower recognize on December 31, 2014?
A) $ 0
B) $14,000
C) $56,000
D) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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