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On January 1, 2018, ABC Company awarded 15M of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated by
- On January 1, 2018, ABC Company awarded 15M of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated by the end 2020. On the date of the grant, the stock had a market price of $3 per share.
- What is the total Compensation Expense pertaining to the restricted shares.
- What is the journal entry on the date of the grant, January 1, 2018?
- What is the journal entry to record the compensation expense on Dec 31, 2018?
- What is the journal entry to record the compensation expense on Dec 31, 2019?
- What is the journal entry to record the compensation expense on Dec 31, 2020?
- What is the journal entry on the lifting of restrictions on December 31, 2020?
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Modern Auditing
Authors: Graham Cosserat
1st Edition
0471810584, 9780471810582
