Concept explainers
a.
To prepare: The
Giveninformation:
Number of shares company issues as restricted stock is 50,000
Par value of common stock is $1.
Total number of executive is 5.
Number of shares received by each executive is 10,000.
Vesting period is 4 years.
b.
To prepare: The journal entries to record the restricted stock plan for 4 years.
Given information:
Number of shares company issues as restricted stock is 50,000
Par value of common stock is $1.
Total number of executive is 5.
Number of shares received by each executive is 10,000.
Vesting period is 4 years.
Three executives left the company after2nd year.
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Intermediate Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (2nd Edition)
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