Stock options if company is bought
{"Image DocumentName": "Stock Option Plans", "Image ImageDescription": "Exercise. If Searle\u2019s executives exercise 2,000 of the 10,000 options (20 percent of the options) on June 1, 2017 (three years and five months after date of grant), the company records the following journal entry. June 1, Cash (2,000 x  60) 120,000. Paid-in Capital - Stock Options 44,000. Common Stock (2,000 x  10) 2,000. Paid-in Capital in Excess of Par - Common 162,000. LO 4.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}