Question
On January 1, 2017, Martinez Corporation granted1,800shares of restricted $5par value common stock to executives. The market price (fair value) of the stock is $64per
On January 1, 2017, Martinez Corporation granted1,800shares of restricted $5par value common stock to executives. The market price (fair value) of the stock is $64per share on the date of grant. The period of benefit is 2 years.
Prepare Martinez's journalentries for January 1, 2017, and December 31, 2017 and 2018.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
