On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer.

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On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer. ABC stock had a fair value (closing market price) of $10 per share on December 31, 2014. Additional information:

A. The service period related to the restricted stock is 2 years.

B. Vesting occurs if the CFO stays with the company for a two-year period.

C. The par value of the common stock is $3 per share.

Make the appropriate journal entry as of the grant date

Posted Date: Nov 11, 2021 04:39 PM

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On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer.

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JOURNAL ENTRY AS ON 31122014 1 EMPLOYEE ST... View the full answer

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