Question
On January 1, 2017, Kingbird Corporation granted 2,100 shares of restricted $5 par value common stock to executives. The market price (fair value) of the
On January 1, 2017, Kingbird Corporation granted 2,100 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $62 per share on the date of grant. The period of benefit is 2 years. Prepare Kingbirds journal entries for January 1, 2017, and December 31, 2017 and 2018.
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
