$11$

On January $1,2024,$ La$-$Dee$-$Da Company awarded $15\mathrm{.}4$ million of its $$1$ par common shares to key officers, subject to forfeiture if employment is terminated within three years. On the date of the grant, the stock had a market price of $$3$ per share.

Required:

Determine the total compensation cost pertaining to the restricted shares.

to $6.$ Prepare the appropriate journal entries.

Complete this question by entering your answers in the tabs below.

Req $2$ to $6$

Determine the total compensation cost pertaining to the restricted shares.

Note: Enter your answer in millions rounded to $1$ decimal place $($I$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

Total compensation cost

nillion