Question
D. $5,250,000. 6. 15 POINTS] Laketon Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company
D. $5,250,000. 6. 15 POINTS] Laketon Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company on January 1, 2022, granted 4 million of its $1 par common shares to various division managers (3-year vesting period). The common shares have a market price of $22.50 per share on the grant date. An appropriate amount for compensation expense for the year ended December 31, 2022 would be: A. $90,000,000 B. $81,000,000 C. $30,000.000 D. $0
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