Question: Show your work please!! E 1 5 . 1 4 ( LO 3 ) ( Accounting for Restricted Stock ) Tweedie Company issues 1 0
Show your work please!! ELO Accounting for Restricted Stock Tweedie Company issues shares of restricted stock to its CFO, Mary Tokar, on January The stock has a fair value of $ on this date. The service period related to this restricted stock is years. Vesting occurs if Tokar stays with the company until December The par value of the stock is $ At December the fair value of the stock is $ c Prepare the journal entries on January and December assuming that Tweedie issued shares of restricted stock units instead of shares of restricted stock. d On July Tokar leaves the company. Prepare the journal entry if any to account for this forfeiture of restricted stock units.
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