GEO Inc. granted executive stock options on January 1, 2022,…
GEO Inc. granted executive stock options on January 1, 2022, that permit executives to purchase 50 million of the company’s no-par common shares within the next 8 years, but not before December 31, 2025 (the vesting date). The exercise price was the market price of the shares on the date of grant ($17 per share). The fair value of the options, estimated by an appropriate option pricing model, was $8 per option. No forfeitures are anticipated. On September 30, 2026, the balance in the PIC-Stock Options account was $400 million. On that date, half of the options are exercised, when the market price is $25.50 per share. By what amount will GEO Inc.’s Common Stock increase by this exercise?
Read DetailsThe corporate charter of KNIGHT Company authorized the issua…
The corporate charter of KNIGHT Company authorized the issuance of 15 million, $1 par common shares. During 2024, its first year of operations, KNIGHT had the following transactions: February 15 Sold 8 million shares at $10 per share July 8 Retired 3 million shares at $17 per share November 22 Sold 2 million shares at $21 per share What amount should KNIGHT report as Paid-in-Capital—Excess of Par, in its December 31, 2024, balance sheet (in millions)?
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