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On January 1st, 2019, Pizza Company awarded 5 million of its no par common shares to key personal. The award is subject to forfeiture If

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On January 1st, 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 31st, 2019 if any? Multiple Choice Debit Compensation Expense $10,000,000 Credit PIC-Excess Par $10,000,000 Debit Compensation Expense $10,000,000 Credit PIC-Restricted Stock $10,000,000 None of the above Debit Compensation Expense $10.000.000 On January 1st, 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 31st, 2019 if any? Multiple Choice Debit Compensation Expense $10,000,000 Credit PIC-Excess Par $10,000,000 Debit Compensation Expense $10,000,000 Credit PIC-Restricted Stock $10,000,000 None of the above Debit Compensation Expense $10.000.000

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