Samsong Company issued 100,000 shares of $1 par value, restricted stock to its top five key employees

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Samsong Company issued 100,000 shares of $1 par value, restricted stock to its top five key employees on January 1, 2021. The market value of Samsong’s shares is $45 per share on the date of issue. The restricted shares require a vesting period of 4 years. Prepare the journal entries for the first year.

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Intermediate Accounting

ISBN: 9780136946694

3rd Edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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