1 F G K M R Question 1: On January 1st, 2020 Mandrake Company grants 5,000,000...
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1 F G K M R Question 1: On January 1st, 2020 Mandrake Company grants 5,000,000 shares of its $2 par common stock as restricted stock units for their employees. The market value on the grant date is $24 per share H N 2 The RSU's vest for 3 years so employees will receive on December 31st, 2022. P 3 4 Make the following if necessary journal entries: 5 6 January 1st, 2020 grant date entry: 7 8 9 10 11 December 31st, 2020 first expense date entry: 12 13 14 15 16 December 31st, 2022 entry assuming all employees stuck around and are receiving the full 5,000,000 shares. 17 18 19 S T 1 F G K M R Question 1: On January 1st, 2020 Mandrake Company grants 5,000,000 shares of its $2 par common stock as restricted stock units for their employees. The market value on the grant date is $24 per share H N 2 The RSU's vest for 3 years so employees will receive on December 31st, 2022. P 3 4 Make the following if necessary journal entries: 5 6 January 1st, 2020 grant date entry: 7 8 9 10 11 December 31st, 2020 first expense date entry: 12 13 14 15 16 December 31st, 2022 entry assuming all employees stuck around and are receiving the full 5,000,000 shares. 17 18 19 S T
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