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need help for BE16-7 LLL L LLL to record the issuance of the bonds and warrants. BE16-6 (L03) On January 1, 2017, Barwood Corporation granted
need help for BE16-7
LLL L LLL to record the issuance of the bonds and warrants. BE16-6 (L03) On January 1, 2017, Barwood Corporation granted 5,000 options to executives. Each option entities the holder to purchase one share of Barwood's $5 par value common stock at $50 per share at any time during the next 5 years. The marke price of the stock is $65 per share on the date of grant. The fair value of the options at the grant date is $150,000. The periodo benefit is 2 years. Prepare Barwood's journal entries for January 1, 2017, and December 31, 2017 and 2018. BE16-7 (L03) Refer to the data for Barwood Corporation in BE16-6. Repeat the requirements assuming that instead of options, Barwood granted 2,000 shares of restricted stock. H U U ILLUU W Sud ususan wards. BE16-6 (L03) On January 1, 2017, Barwood Corporation granted 5,000 options to executives. Each option entitles the holder to purchase one share of Barwood's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $65 per share on the date of grant. The fair value of the options at the grant date is $150,000. The period of benefit is 2 years. Prepare Barwood's journal entries for January 1, 2017, and December 31, 2017 and 2018. BE16-7 (L03) Refer to the data for Barwood Corporation in BE16-6. Repeat the requirements assuming that instead of options, Barwood granted 2,000 shares of restricted stock Step by Step Solution
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