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. ? Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?
A) no entry was necessary
B) Compensation Expense 7,000Paid-in Capital Share Options 7,000
C) Compensation Expense 6,000Paid-in Capital Share Options 6,000
D) Compensation Expense 9,000Deferred Compensation 9,000
B
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