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is this correct? The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2021,
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The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2021, which vest in four years. The fair value of the shares is $13.3. No forfeitures are anticipated. Ignore taxes Required: 1. Determine the total compensation cost pertaining to the restricted stock. 2. \& 3. Prepare the appropriate journal entries (if any) Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the restricted stocki (Enter your answer in mililons (k.e. 10,000,000 should be entered as 10).) Journal entiry worksheet: Rocord compensation expense on Decernber 31,2021. Note: Enter debits before aredis Step by Step Solution
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