128 on january 1 2016 robertson company created a fixed compensatory stock option pl 4313643

128 on january 1 2016 robertson company created a fixed compensatory stock option pl 4313643

128.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.

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Required:

?Record all entries relating to this stock option plan over the life of the plan.

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