Exhibit 15-4 On January 1, 2016, Masters, Inc, grants a compensatory share option plan to 15 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 per share after a three-year service period. At January 1, 2016, the value of each option is estimated to be $9. The company also estimates it will have an annual 3% employee turnover rate during the
service period. ? Refer to Exhibit 15-4. By how much has contributed capital increased as of the beginning of 2019?
A) $0
B) $ 41,070
C) $135,000
D) $123,211
D
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