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Exhibit 15-3
On January 1, 2016, Howard, Inc. granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017.
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Refer to Exhibit 15-3. Which balance sheet disclosure would be correct at December 31, 2016?
A. Shareholders' equity:Paid-in Capital Share Options $ 7,000
B. Liabilities:Employee stock option plan $ 7,000
C. Shareholders' equity:Paid-in Capital Share Options $ 7,000Less: Deferred compensation 7,000 $14,000
D. footnote disclosure only
Answer: A
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