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Basic Question 13 of 15

When options are granted, SFAS 123 recommends to debit ______ and credit ______.

I. cash
II. paid-in capital - stock options
III. compensation expense
IV. common stock (par)
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User Contributed Comments 1

User Comment
quanttrader compensation expense || equity (pic / stock options)
*debit* *credit*
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

explain the financial reporting of defined contribution, defined benefit, and stock-based compensation plans

CFA® 2024 Level I Curriculum, Volume 2, Module 8.