Final answer:
JE stock options involve the grant date, allocation of compensation cost, recording exercise, and expiration of options.
Step-by-step explanation:
JE stock options are a form of compensation granted to employees by their employer.
The grant date is the date when the options are awarded to the employee.
The compensation cost is allocated to operations to reflect the expense of granting the options.
Recording the exercise of options involves updating the financial records to reflect the impact on the company's equity.
Options expire on a specific date, at which point they can no longer be exercised.