Business, 04.04.2020 05:20 myleefaustin

"ABC grants 1,000 new shares of $5 par common stock to each of five executives on January 1, 2021. The 5,000 shares have a total fair value of $87,000 at grant. The shares will vest on December 31, 2023 after three years (not prorated) of continued employment with ABC. ABC expects four employees to fulfill the vesting requirements, and no other restrictions apply. 1. Prepare the journal entry to record compensation expense at 12/31/21. 2. Prepare the journal entry to record compensation expense at 12/31/22. 3. If all five executives unexpectedly left the company on 1/1/23, what entry would ABC prepare that day/year

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"ABC grants 1,000 new shares of $5 par common stock to each of five executives on January 1, 2021. T...