Question
On September 30 of Year One, Grant Inc. issued a total of 2,000 shares of $1 par, restricted common stock to five executives. The fair
On September 30 of Year One, Grant Inc. issued a total of 2,000 shares of $1 par, restricted common stock to five executives. The fair value of the shares of stock on September 30 is $300,000. The restricted shares require a vesting period of 3 years, which is the requisite service period, and no forfeitures are anticipated.
What is the amount of compensation expense recognized in Year One?
| A. | $100,000 | |
| B. | $200,000 | |
| C. | $-0- | |
| D. | $25,000 |
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Performance Audit A Case Study Of Indian Metro Railway Metropolitan Transport Project
Authors: Nilay Saha
1st Edition
3846510556, 978-3846510551
