GL Account Reconcilations Flashcards
1
Q
How many GL Accounts is EC responsible for?
A
3
Stock Options Receivable - 01
Capital Stock Clearing - 02
Treasury Stock -380000001
2
Q
What is the Stock Options Receivable Account?
A
a receivable account that records the amount due from Fidelity when an employee exercises their stock options.
The account contains the cost of the shares exercised by participants (grant price) for stock options and withholding taxes for US and GM participants for unsettled trades.
The receivable is reduces when J&J receives the funds from Fidelity.
3
Q
A
