Kiki Company issued 85,000 shares of restricted stock with a par value of $10 per...
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Accounting
Kiki Company issued 85,000 shares of restricted stock with a par value of $10 per share when the fair value of the stock was $750,000. A 3-year service period is required for vesting. The journal entry at the end of the first year includes a
a. credit to Cash of 85,000 x $10.
b. credit to Common Stock of 85,000 x $10 x 1/3
c.debit to Unearned Compensation of $750,000 x 1/3
d. debit to Compensation expense of $750,000 x 1/3.
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