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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
| 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 | |||||||||
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Modernize Your Audit Department Five Critical Areas For Improvement
Authors: Toby DeRoche
1st Edition
B08FKW8B91, 979-8674160274
