On January 1, 2017, Bridgeport Corporation granted 2,200 shares of restricted $5 par value common stock to
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Question:
On January 1, 2017, Bridgeport Corporation granted 2,200 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $64 per share on the date of grant. The period of benefit is 2 years.
Prepare Bridgeport’s journal entries for January 1, 2017, and December 31, 2017 and 2018.
Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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