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On March 31, 2020, a firm grants 200,000 restricted stock share awards in total to 100 employees. Employees must be employed 4 years after
On March 31, 2020, a firm grants 200,000 restricted stock share awards in total to 100 employees. Employees must be employed 4 years after grant date to earn the awards. The firm expects that 95% of the awards will vest. Stock price is $9 on grant date and $11 on vesting date. What is compensation expense for 2020? O $391,875 O $320,625 O $427,500 O $337,500 O $450,000
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
