Question
On January 1, 2014, Barwood Corporation granted 2,160 shares of restricted $6 par value common stock to executives. The market price (fair value) of the
On January 1, 2014, Barwood Corporation granted 2,160 shares of restricted $6 par value common stock to executives. The market price (fair value) of the stock is $67 per share on the date of grant. The period of benefit is 2 years.
Prepare Barwoods journal entries for January 1, 2014, and December 31, 2014 and 2015.
Jan 1 2014
Debit: ???
Credit: ???
Credit: ???
Dec 31 2014
Debit: Compensation Expense $72,360
Credit: ??? $72,360
Dec 31 2015
Debit: Compensation Expense $72,360
Credit: ??? $72,360
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Audit Planning Conduct And Closure Of Issues For Successful Resolution
Authors: Bincy Abraham, Imran Chaki, Naisarg Pujara
1st Edition
6200484961, 978-6200484963
