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Allied Paper Products, Incorporated offers a restricted stock award plan to its vice presidents. On January 1 , 2 0 2 4 , the company
Allied Paper Products, Incorporated offers a restricted stock award plan to its vice presidents. On January the company granted million of its $ par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $ per share on the grant date.
Required:
Determine the total compensation cost pertaining to the restricted shares.
Prepare the appropriate journal entries related to the restricted stock through December
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