Question: Refer to the data for Barwood Corporation in BE16 6 Repeat the

Refer to the data for Barwood Corporation in BE16-6. Repeat the requirements, assuming that instead of options, Barwood granted 2,000 restricted shares.
In BE16-6, On January 1, 2010, Barwood Corporation granted 5,000 options to executives. Each option entitles the holder to purchase one share of Barwood’s $5 par value ordinary shares at $50 per share at any time during the next 5 years. The market price of the shares is $65 per share on the date of grant. The fair value of the options at the grant date is $150,000. The period of benefit is 2 years. Prepare Barwood’s journal entries for January 1, 2010, and December 31, 2010 and 2011.

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