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 ‘$9 per share on December 31, 2014. Additional information is as follows: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 $2 per share. Make the appropriate accounting entry as of the grant date, 12/31/14.
Originally posted 2018-07-07 18:53:17. Republished by Blog Post Promoter