Decibee, Inc. has a restricted stock award plan for its employees. It grants 220,000 of its $2.00
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Question:
Decibee, Inc. has a restricted stock award plan for its employees. It grants 220,000 of its | |||||||||
$2.00 par common stock to its selected employees on January 1, 2014 with a vesting | |||||||||
period of two years. | |||||||||
The day after the vesting date, the restricted stock is converted into common stock | |||||||||
The market rate of the stock on January 1, 2014 is $7.30 per share | |||||||||
Record the general journal entry for January 2, 2016 |
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: