On January 1^st, 2019, Pizza Company awarded 5 million of its no par common shares to key personal. The award is subject to forfeiture if employment is terminated within five years. On the grant date the market price of the shares was $10 per share. Which of the following journal entries is correctly made on December 31^st, 2019 if any?

Multiple Choice

• Debit Compensation Expense $10,000,000

  Credit PIC-Restricted Stock $10,000,000

• None of the above

• Debit Compensation Expense $10,000,000

  Credit Common Stock $10,000,000

• Debit Compensation Expense $10,000,000

  Credit PIC-Excess Par $10,000,000